Ethereum's price climbed 3% to $3,857.27, driven by improved market sentiment and robust on-chain activity. The Crypto Fear & Greed Index rose to 33, indicating a slight recovery in investor confidence. On-chain activity for 76 major Ethereum-based tokens reached an all-time high, while staking participation remains strong. Technical indicators suggest Ethereum is above key support levels, with potential for a breakout above the 50-day SMA of $4,180.90.