Editor's PiCK
[Analysis] "Ethereum Falls Below 'Realized Price'... Seems to Have Reached Bottom"
Summary
- It has been analyzed that Ethereum has fallen below the realized price, putting most holders in a loss state.
- The current market has a high possibility of panic selling, but The Cryptolic stated that this price range could be a buying opportunity.
- Falling below the realized price coincided with long-term bottoms, and strong rebounds tended to follow, it was reported.
An analysis has emerged suggesting that the price of Ethereum (ETH) may have reached the bottom of this cycle.
A contributor to The Cryptolic on CryptoQuant stated on the 8th, "The price of Ethereum has fallen below the 'Realized Price,' indicating that most (Ethereum) holders are in a loss state." The Cryptolic noted, "In times filled with fear and uncertainty like now, this situation can lead to 'panic selling.'"
The realized price is an indicator that reassesses the total market value based on the price at which each cryptocurrency last moved on the blockchain. The Cryptolic analyzed, "(The realized price) realistically informs investors at what average price they purchased Ethereum," adding, "Falling below the realized price means investors have entered a phase of panic selling."
He emphasized that the current price level could be a buying opportunity. The Cryptolic stated, "Looking at the data, the times when Ethereum fell below the realized price often coincided with long-term bottom areas," adding, "These periods were often followed by strong rebounds and have been considered strategic buying zones for long-term investors."
JOON HYOUNG LEE
gilson@bloomingbit.ioCrypto Journalist based in Seoul![[Exclusive] FSS to examine ZKsync coin that surged '1,000%' in three hours](https://media.bloomingbit.io/PROD/news/1da9856b-df8a-4ffc-83b8-587621c4af9f.webp?w=250)
