Compared to other major crypto assets on the market, Ethereum’s price performance is still dragging, and it has not been able to make any significant upward movement of months. Given the prolonged declining price performance, data on the chain shows that a significant part of ETH -Investers is currently in red.
Eth realized price approach the breaking point
Fundingvest, a data analyst on the chain and verified author, revealed that Ethereum’s market dynamics have reached a crucial moment. IN post On X (formerly Twitter) platform, Fundingvest emphasized that ETH’s accumulation addresses are now at an important time when Altcoin’s realized price withdrawal at a critical make-or-break level.
After navigating in ETH -realized price for accumulation addresses that are measurement value, it seems that the asset has broken under the cost base for accumulation planning addresses. This make-or-break-moment is likely to determine if Ethereum Experience more sales prints that would shake the network’s faith or regain its upward speed.
Currently Trends ETH under the realized price of long -term holders, a crucial level that usually serves as a fixed support for Altcoin in Hausseian cycles. One thing is certain: When the price falls below the long -term holders’ realized price, caution is recommended, as this development can lead to significant losses in the future. Meanwhile suggest a rapid recycling above this level on a Potentially haussearted reversal in price.
According to the expert, this indicates an increasing burden on wallets that collected significant wealth between 2020 and 2021 market cycles. Dips under the realized price of the long -term holders are unusual and often short in the past.
However, persistent weakness in the zone can point to a more significant change in the market. With ETH’s current market price that drops below the average cost base for these AccumulatorsThis raises questions about its sustainability and prospects.
ETH range in profit drops below the levels of previous bear market
ETH continues to face baissearty pressurelimits its potential for a large price. This persistent downward movement led to a historical low as the percentage of the Ethereum range in profit, which indicates a weak market term.
Crypto Analyst and Trader Venturefounder reported The fact that the ETH percentage rate in profit has dropped to 40%. According to the expert, this level is lower than the last bear bike bottom, about 42% when Altcoin traded on the $ 800 mark.
Given the sharp drop, venturefounder claims that it is already a clear signal to distribute. Although the reduction in supply gains requires alarms, there is still a positive side for development, especially if it falls to about 30%. If it ever reaches 30%, which is the green zone on the chart, the expert noted that it will create generational purchase opportunities for investors.
Venturefounder too revealed In another post that Ethics Realized Price Multiple has decreased to its last bicycle bottom level. The expert considers this drop another purchase signal on the chain for altcoin.
Trained Image from Pixabay, charts from tradingview.com
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