Ethereum’s Age Consumed metric reached approximately 580 million token-days on September 30, the highest level since June 2 and roughly nine times the average weekday reading for September. Age Consumed measures coin movements weighted by the time tokens have remained dormant, so the spike indicates that substantial amounts of older ETH changed wallets. However, exchange supply increased by only about 18,000 ETH that day before falling by roughly 21,000 ETH the following day, compared with approximately 5.9 million ETH already held on trading platforms. Santiment said the limited exchange-flow response points more toward wallet reorganization than broad profit-taking, although it cannot identify who moved the coins. ETH had recently climbed from $1,500 to $2,700 and continues to face resistance around $2,700. Separately, trader Merlijn The Trader said ETH/BTC had broken a nearly decade-long downtrend, potentially opening a cycle in which ETH becomes the market’s blue-chip asset. Altcoin Sherpa described the setup as still pretty solid but said ETH remains highly dependent on Bitcoin’s next move. Sentiment toward ETH fell to its most bearish level since June 7, with 0.89 bullish comments for every bearish comment, though analysts said similar episodes can sometimes have the opposite effect on the asset.