Bankless Nation, we have a special episode for you.

ETH is catching a bid.

These are the 10 most bullish ETH charts.

We've got Mike Nato on today's episode.

He just released the Q2 ETH Quarterly Report.

And we picked out the five most bullish charts.

We're going to talk a little bit about them.

Mike, how you doing, man? You feeling bullish? I'm doing great. Feeling good, Ryan. How are you today? Pretty good. I'm looking at this ETH price, 3,255 at the time of recording. Now, this is still well short of all-time high. And I'll also remind folks, this is also short of what we hit in December, which was 4,100, I believe. But still, there's some momentum going on in Ethereum right now. Do you think some of that can be explained by the fundamentals you're seeing in the Q2 quarter and coming out of that?

I think so. I hope so. We went through the earnings call yesterday, today, I think,

just kind of hitting on some of the key points that, you know, we didn't share, we don't share opinion when we do these earnings calls. We want that just to be data only. Today, we're going to go into, I think, a little more meaning, you know, try to shine a light into what's going on behind the scenes there and maybe a little

more of a forward-looking call as well. Yeah, a few things going on this week. I think with respect

to treasuries, that's been really heightened this week. But what we're seeing is ETH going up on days

when Bitcoin is actually going down. So that happened a couple of times this week. And I haven't seen that in a very long time, Mike. I don't even recall seeing it this cycle. There have been days when Bitcoin was up a little and Ethereum was up a lot more. And those have been few and far between. But I don't think I've seen many days this cycle where Bitcoin one day this week, I think it was maybe yesterday, Tuesday or Monday, Bitcoin was

actually down 2% on the 24 hour period of time, and Ether was up like 4%. That doesn't happen

every day. Huge shift. Huge shift there. This is what I've been looking for. I've been probably

pretty early for calling this. I think a lot of people have been have been early calling

this kind of shift in the ETH-BTC ratio, but it does feel like we've bought them. We've been at like

five-year lows there. And like you said, like we haven't seen one of those moves where actually

Bitcoin was down and ETH was up, you know, four or five percent over the last 24 hours. So to me, like,

this is what I've been waiting for. It does feel like we are at the very early stages of that

rotation from ETC to ETH and then potentially, you know, a longer, longer tail as well there.

It's interesting to see that it seems like institutions are leading this or the institutional

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