Fun

Ethereum Holds Above $1,900 Realized Price Signaling Long-Term Bullish Confidence

News Feed - 2025-05-11 06:05:06

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español.


According to data from CoinMarketCap, Ethereum prices gained by 37.14% in the past week to reach a local peak of $2,600. The majority of this gain has been attributed to the recent Petra network upgrade of the Ethereum blockchain, which is designed to introduce many features, including boosting the ETH burn rate and market scarcity. 


Amidst Ethereum’s rally in the past week, the altcoin recorded a significant development that signals a long-term bullish market. Related Reading Ethereum Surge Above $2,200 Says Bear Market Is Over, Analyst Calls $5,791 ‘Easy’ Target 20 hours ago Ethereum Stays Above Realized Price – What Does It Mean?


The realized price in the crypto market refers to the average acquisition price of all circulating tokens. It’s a key indicator of market sentiment as a trading price below the realized price signals a bearish market because investors are holding a loss. The reverse scenario is true for a bullish market. 


In the analysis provided by CryptoQuant expert Crazzyblockk, ETH is trading above its realized price at $1900 based on the market activity for accumulating addresses, i.e., long-term holders and frequent depositors on the Binance exchange.


Notably, this development just occurred in the past week despite the market rebound that has been ongoing since mid-April. The price rise above $1900 proclaims a loud bullish signal as the long-term holders are now in profits, indicating a renewed confidence in ETH’s long-term value.


This confidence is strongly reflected in the fact that most recent ETH outflows are moving from Binance, the most active crypto exchange for ETH trading.


When Binance ETH deposit addresses show profitability with the current ETH price above the realized price, it indicates a general increase in traders’ confidence and stronger market activity. Moreover, the price rise above $1900 shows a sustained bullish momentum, indicating the market can absorb profit-taking without breaking the current uptrend. Source: CryptoQuant Related Reading Bitcoin ETFs Hit $40 Billion Inflows, Setting Historic Crypto Record 23 hours ago Binance Keeps Lead In ETH Liquidity 


Based on the presented analysis, Crazzyblockk further concludes that Binance boasts the most active ETH trading community in the crypto space. This is indicated by the massive ETH outflows on the exchange, suggesting a high market activity on the exchange during price appreciation. 


The analyst further tipped the exchange to maintain this dominance as traders will always use the most liquid exchange to manage their positions, either for accumulation or for profit taking.


At the time of writing, Ethereum trades at $2,525, reflecting a 5.88% gain in the past day. Meanwhile, the asset’s trading volume is down by 18.44% and valued at $33.79 billion. ETH next’s resistance remains at $2,600 following a recent rejection in the past few hours.  If the altcoin can successfully move past this barrier, a potential upswing to $2,800 lies ahead.


  ETH trading at $2,536 on the daily chart | Source:ETHUSDT chart on Tradingview.com


Featured image from Pexels, chart from Tradingview

News Feed

Brian Quarmby6 hours agoJPEG’d confirms return of 5,495 ETH from Curve hackerThe hacker drained several pools on Curve Finance, stealing roughly $70 million, but has gradually started returning funds to various project
RChain: 3 Lessons Web 3.0 Can’t Afford to Ignore
RChain: 3 Lessons Web 3.0 Can’t Afford to Ignore sponsored There’s a tendency in the tech world to toss out old tech and go all-in on a new replacement. “Oh, don
Abhishek Singh5 hours agoFuture of business through the synthesis of blockchain technology, data and AIAI and blockchain are emerging technologies and have a very bright future. Both of them are at the cutting edge of in
US Government Prediction: Economy Faces 10-Year Recovery, $8 Trillion Loss From Coronavirus
US Government Prediction: Economy Faces 10-Year Recovery, $8 Trillion Loss From CoronavirusThe U.S. Congressional Budget Office has projected that the coronavirus crisis will cost t
ECB Favors Transparency Over Privacy in Digital Euro Design, Presentation Reveals
ECB Favors Transparency Over Privacy in Digital Euro Design, Presentation Reveals The European Central Bank (ECB) leans toward a “transparent” digital euro over one t
Nigerian Central Bank Increases Cash Withdrawal Limits After Receiving ‘Feedback From Stakeholders’
Nigerian Central Bank Increases Cash Withdrawal Limits After Receiving "Feedback From Stakeholders" Barely a month after announcing the restricting of cash withdrawals to under $50
EU committees approve ban on anonymous crypto transactions via hosted wallets
Amaka Nwaokocha10 hours agoEU committees approve ban on anonymous crypto transactions via hosted walletsThe recent Anti-Money Laundering legislation imposes certain limits for cash transactions and anonymous cryptocurren
Dogecoin Caught In Compression: Descending Triangle Warns Of Potential Collapse
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
‘Bank of Jamaica Will Roll Out Digital Jamaican Dollar in 2022,’ Says Prime Minister
"Bank of Jamaica Will Roll Out Digital Jamaican Dollar in 2022," Says Prime Minister According to an announcement from Jamaica’s Prime Minister Andrew Holness the Bank of Ja
Islamic Organization in Indonesia Issues Fatwa Against Cryptocurrency
Islamic Organization in Indonesia Issues Fatwa Against Cryptocurrency A provincial branch of one the largest Islamic organizations in Indonesia has declared cryptocurrency “
Ex-Coinbase Manager’s Brother Sentenced to Prison in Crypto Insider Trading Case
Ex-Coinbase Manager"s Brother Sentenced to Prison in Crypto Insider Trading Case A former Coinbase employee’s brother has been sentenced to 10 months in prison in what the U.
Solana Plunges 12%, But This Pattern Could Mean Decline Isn’t Over Yet
Este artículo también está disponible en español. Solana has seen a price drawdown of around 12% during the past day, but if this pattern is to go by, there could be more