Compared to other major crypto assets in the market, Ethereum’s price performance remains behind, failing to make a significant upward movement in a few months. Given long-term price performance, on-chain data is a significant portion of ETH Investor It’s currently red.
ETH Realization Prices are approaching the limit
FundingSvent, an on-chain data analyst and verified author, revealed that Ethereum’s market dynamics have reached a critical moment. in post On the X (formerly Twitter) platform, FundingSvent emphasized that ETH’s accumulated addresses are now at a critical point as a realised price teaser for Altcoin at key make or break levels.
After navigating the ETH realisation price for the stored address metric, it appears that the assets are below the cost base for the stored wallet address. This make-up or breaking moment may determine whether Ethereum You will experience more sales pressure than shaking the network’s faith or regaining upward momentum.
Currently, ETH is trending under realized prices for long-term holders. This is a critical level that usually serves as a solid support for bullish cycle Altcoin. One thing is certain, caution is advised as this development could lead to major losses in the future if the price falls below the realized price of a long-term holder. On the other hand, if you recover quickly above this level, A potential bullish reversal of prices.
Experts say this shows tensions in wallets that have accumulated considerable wealth during the 2020 and 2021 market cycle. It is rare for a lower price to fall below the realised price of a long-term holder, and in the past we have frequently explained it briefly.
However, sustained weaknesses in the zone could indicate greater market changes. If the current market price of ETH is below these average cost bases Accumulatorwhich raises questions about its sustainability and outlook.
Profit ETH supply is below past bear market levels
ETH continues to face bear pressurelimits the possibility of major price increases. This sustained downward movement indicates that the proportion of Ethereum supply in profits has historically been lower, and market sentiment is weak.
Crypto Analysts and Traders VentureFounder It has been reported The ETH percentage supply of profits has decreased to 40%. Experts say this level is lower than the bottom of the last bare market cycle, about 42% altcoin It was trading for $800.
Given the sharp drop, VentureFounder claims that it’s already a clear signal to unfold. A decline in supply profits calls for alarms, but there are still positive aspects to development, especially when it drops to around 30%. If you reach the green zone of the chart, 30%, experts point out, it creates generational purchase opportunities for investors.
Venture founders too It was revealed In another post ETH The realised price multiple has been reduced to the last cycle bottom level. Experts believe this will drop another on-chain purchase signal for AltCoin.
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