ETH accumulation branches when owners contribute to short-term price lessons: CQ

The ecosystem of Ethereum (ETH) seems to have gained optimism, with chain data showing an interesting trend: long -term owners doubled in their positions that are not recent volatility.

A new report from Cryptoquantist shows that addresses that can be constantly able to sell ETH without making much sales have increased its stake in less than two months, which is a sign that investors have been renewed by “structural convictions” wave.

A closer look at the behavior of the holder

In accordance analysis Cryptoquant by Carmelo Alemán, as the highest cycle of the cycle achieved on December 16 last year is this permanent correction. Bearish Run finally put long -term owners in the “non -realized loss territory”, as the cryptocurrency value reached $ 1,866, which is nearly $ 8% lower than $ 2,026 than the realized price.

Experts describe the realized price as an average price by which all the coins in the circulation were last made in the chain and is used for an overview of the historical costs of investors.

Since March 10, ETH volume of accumulated addresses has increased from 15.53 million to 19.03 million signs. Investors took the opportunity that caused prices to fall, bringing their collective to a realized price of $ 3.980 by May 3. This effectively signaled the doubling of their conviction that cryptocurrency is preparing for the price of the price.

“ETH investors show a strong faith in property, project and ecosystem,” Alemán wrote. “The behavior of their chain reflects the structural belief and clear expectations of short -term recognition.”

Mixed performance despite the bullish undertone

The timing of this updated bullation seems to be relevant to technical signals and community. Popular crypto analyst Michaël van de Poppe recently noted that the Ethereum price card forms a decrease in a textbook, which is often considered the predecessor of the bullish cut out.

“ETH consolidates upwards before a major break,” he said, pointing to the approach of trend lines and the reduction of trade volumes as signs of volatility of beers. “Liquidity is to grab, it just needs a news object to hit it.”

In addition, the second largest cryptocurrency in the world has increased by 10%over the last two weeks, bringing back the early $ 1,800. Despite the green shooting, the performance of this last year is still a minor, with more than 42%of the price falling during this period.