Ethereum price rally hit crucial resistance as institutional investors are in ‘wait and see’ mode 
Ethereum price showcases strong on-chain activity despite failing to stage a sustained bullish price breakout.
Below is an instruction that describes a task. Write a response that appropriately completes the request.

### Instruction: Ethereum price rally hit crucial resistance as institutional investors are in ‘wait and see’ mode 

### Response: Ethereum price showcases strong on-chain activity despite failing to stage a sustained bullish price breakout.