- Ethereum increased 60% in May, but long -term holders sell.
- Over $ 3.4 billion in ETH left -wing exchanges and suggests that increased confidence.
Ethereum (ETH) Only pulled off a 60% sprint in May and went on a wave of fresh accumulation of $ 3.42 billion.
But while the bulls were busy with high-fitting, long-term holders began silently on their way to the outpatient payments, perhaps to feel that the music would be about to stop.
Cools or cools?
After growing past the $ 2500 brand in a blowing rally in early May, Ethereum Now seems to take your breath.
The daily diagram showed a noticeable slowdown, with price measure flattening and volume that is thinned out close to $ 2,509 levels.
Source: Tradingview
This consolidation follows a 60% rally that saw ETH Peak of $ 2,617 before withdrawing anything. At the same time, RSI hovered around 67, just below the over -purchased threshold – a sign of hausseartat momentum.
With long-term holders reportedly trimming positions and buyers who show restraint, ETH seems to go into a wait-and-see phase.
LTH relief shows uncertainty
According to Santiment data, Age -consumed metric has blinked red twice in recent days and marked two of the largest nails in long -term holding activity since October.
These sudden Upticks show that experienced investors release dormant ETH-Right a sign of profit-making near perceived local peaks.
Source: Santiment
The size of these movements, the largest in seven months, gives doubt to Ethereum’s short -term views.
If the conviction among LTH’s continues to decline, sales pressure can weigh heavily on ETH’s ability to maintain its momentum.
Etherum Exodus
Source: Cryptoquant
Over the past month, more than 1.34 million ETH – worth up to $ 3.42 billion – silently left centralized exchanges, which shows a strong change in investors’ behavior.
The sharp decline in available supply, which coincides with speed from the pectrade upgrade, shows that market players are positioning for long -term directions rather than short -term business.
