Ethereum drops below the key realized price: The last time was March 2020 before a rally

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Ethereum has been hit by yet another stroke this week, sliding to a new low at about 1,380 dollar-a level that has not seen since March 2023. The ongoing downward trend has left investors increasingly concerned, with many who are now questioning whether ETH’s long-term Hausse structure is still intact. Market conditions remain harsh, driven by persistent macroeconomic tensions, rising global instability and uncertainty arising from American trade and fiscal policy.

Sentiment over the crypto gym continues to deteriorate, and Ethereum’s price measure reflects this concern. After months of fighting to maintain key support levels, the degradation below $ 1,500 has increased to fear that a deeper correction may develop.

But in the middle of the gloom there may be a silver lining. According to CryptoRank data, Ethereum is now acting under its realized price – a rare event that is historically associated with market bottom and strong recovery phases.

While Outlook in the short term remains insecureSuch rare chain signals may indicate that Ethereum enters a key accumulation zone. In the coming days and weeks will be crucial to determine if this is just another bone nerre or the beginning of a long-term reversal.

Ethereum drops under realized price when fear takes over the market

Ethereum has now lost over 33% of its value since the end of March and triggered deep concern among both investors and analysts. The prize has led to ETH to levels that have not seen in over two years, leading to panic and despair among the holders who once expected in 2025 would be a breakout year for altcoins. Instead, Ethereum has become a symbol of market fragility as the wider macroeconomic landscape continues to worsen.

The fear of the trade war, inflation pressure and a potential global recession shakes the financial markets to their core. In this climate, high -risk assets such as Ethereum are among the first to suffer. When the capital outputs speculative assets in favor of safer ports, ETH’s Selloff has only accelerated – and investors’ confidence has taken a serious hit.

However, there may be a glimpse of hope in the information. Top Crypto Analyst Carl Runefelt Recently pointed out At X, Ethereum is now traded under its realized price of $ 2,000 – a rare event that has historically signaled large turning points in ETH’s price track.

Ethereum realized price by collecting addresses | Source: Carl Runefelt on x
Ethereum realized price by collecting addresses | Source: Carl Runefelt on x

Runefelt emphasized that last time ETH dipped during its realized price was in March 2020, when it crashed from $ 283 to $ 109 – just to recover strongly in the following months. While the current environment is full of uncertainty, such measurements on the chain suggest the possibility that ETH enters an accumulation phase again.

Still, trust remains fragile, and price measures must stabilize before any real haisse story can return. Ethereum’s next move will be crucial to determine if this level marks a real bottom – or just another stop on the way down.

ETH fights below $ 1,500 without clear support in view

Ethereum is currently traded below $ 1,500 level after suffering a brutal 50% decline since the end of February. The aggressive sales have deleted months with profits and left investors in an uncertainty, as ETH does not show any signs of recovery. The marketing position remains overwhelmingly baisse -like, and there is little indication that a bottom has been reached.

ETH facing aggressive sales pressure | Source: Ethusdt -Diaram on Tradingview
ETH facing aggressive sales pressure | Source: Ethusdt -Diaram at TradingView

At this stage, Ethereum lacks a clearly defined support zone. Bulls has lost control, and price measures continue to drive lower with weak demand and increase fear. In order for a meaningful reversal to begin, ETH must first recover the level of $ 1,850 – a zone that previously served as an important support and now stands as great resistance.

Until this happens, all upwards attempts are likely to be fulfilled with strong sales pressure. The situation becomes even more uncertain if Ethereum loses the level of $ 1,380, which so far has served as a psychological threshold. Falling under this area can open the door to a deeper correction towards the range $ 1,100-12.

With macroeconomic tensions that are still high and volatility that is expected to continue, traders and investors will look carefully to see if Ethereum can stabilize – or continue their sharp decline.

Featured Image from Dall-E, Chart from Tradingview

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