Ethereum Holds Above Realized Price, Market Awaits Fresh Liquidity Boost
Ethereum (ETH) is trading below $4,000 after a recent drawdown but remains above its Realized Price of approximately $2,300. This level acts as a fundamental support zone, with any dips historically indicating capitulation.
- The Realized Price represents the average cost basis for all ETH holders and indicates market profit or loss.
- ETH's Market Value to Realized Value (MVRV) ratio suggests holders are at a 67% profit, indicating potential for further bullish momentum without reaching overvaluation levels.
- Ethereum has pulled back from the Upper Realized Price Band around $5,300, entering a consolidation phase rather than a reversal.
- Spot inflows of ETH to exchanges are slowing, suggesting future price movements will rely on fresh liquidity.
Despite positive indicators, caution is advised as analysts suggest the price correction may not be complete. Currently, ETH trades at $3,849, up 0.3% in the last 24 hours.
