Recent data from Santiment indicates a significant rebound for Ethereum over the weekend, as the cryptocurrency surged past $3,600. This upward trajectory follows a brief downturn, where ETH price experienced a drop of up to 25% between March 11 and 19. Despite this setback, Ethereum's resilience is evident as it continues to showcase strong performance. A notable development contributing to Ethereum's bullish outlook is the surge in the number of ETH addresses holding coins, reaching an all-time high of 118,230. Additionally, the midterm market value to realized value (MVRV) ratio has displayed a subtle bullish signal, further bolstering investor confidence. Examining Ethereum's 30-day MVRV trend reveals a dip into negative territory, suggesting a probable price surge in the near future. Unlike Bitcoin, which has surpassed its previous all-time high in the current cycle, Ethereum's ascent to this milestone is eagerly anticipated. With the MVRV indicator signaling a bullish trajectory and on-chain metrics pointing toward increased activity, Ethereum's prospects appear promising in the altcoin landscape.