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ethereum remains stable above realized value with potential for bullish momentum as analysts suggest market confidence despite recent dip, marking a 67% profit for holders
wait is $ETH gonna 🚀 or nah?? what’s the play here 🧐
ethereum’s stability above realized value signals market confidence, potentially leading to a bullish momentum; however, caution is advised amidst ongoing price corrections. On-chain data
Ethereum (ETH), the second largest cryptocurrency, hovers below $4,000 post a dip to $3,435 on October 9. Analysts suggest bullish momentum as ETH trades above its realized price of $2,300, indicating market confidence. The market value to realized value ratio shows a 67% profit for ETH holders. Ethereum is transitioning from distribution to consolidation phase, with potential for price increase. On-chain data hints at ETH’s bullish trend, but caution advised as price correction may not be over yet.
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