ETH is out of reset, but the power move is still missing
In April 2025, ETH was in real compression. Delta Growth Rate bottomed at -0.113, price traded near $1.4K, and Realized Cap Impulse was deeply negative. That was a clean reset phase.
Then came the real move. Delta Growth Rate turned positive and held there for months. Realized Cap Impulse flipped hard too. By summer 2025, ETH was no longer trading on accumulation. It was trading on expansion.
As of Apr. 29, 2026, Delta Growth Rate is back positive near 0.083. More importantly, it nearly matched its Aug. 2025 level on Apr. 8, 2026. Price did not.
That matters. Speculative premium came back much faster than price strength did.
Realized Cap Impulse improved too, but the right edge is still uneven. Exchange Netflow is not showing heavy exchange pressure, but it is not showing fresh demand with force either.
ETH no longer trades like a reset market. The 2025 expansion is still not back 🧸 DYOR