Ethereum Rebounds Over $3,600 With All-Time High Number of Hodlers After Recent Price Drop

• Ethereum price rebounded over the weekend, surging past $3,600 after a 25% drop earlier in March

• Number of ETH addresses holding coins reached an all-time high of 118,230

• Ethereum's midterm market value to realized value (MVRV) ratio showed a subtle bullish signal

• MVRV dipped into negative territory recently, suggesting a likely price surge ahead

• Increased on-chain activity, seen in rise of active non-empty addresses, typically precedes major price movements