CoinInsight360.com logo CoinInsight360.com logo
America's Social Casino
ZyCrypto 2025-03-18 13:26:11

On-Chain Analysis Reveals Ethereum (ETH) Has Hit The Bottom

Ethereum (ETH) appears to have reached its bottom, despite market players previously stating that the bottom is not in sight. According to analytical insights from Glassnode, the Ethereum Cost Basis Distribution metrics have displayed an upsurge in supply at $1,886, an increase from 1.6 million Ether to 1.9 million Ether. According to Glassnode, this development points to a potential short-term price floor. Investors reinforce support at the $1,886 price level, with continuous accumulation at lower levels. The data above notably aligns with the custom capitulation metric for ETH, which is achieved through integrating CBD and Realized loss data. The figures are derived from the application of weighted sell volumes and account for non-linear economic pain. Since March 11, #Bitcoin 's Accumulation Trend Score has risen above 0.1, indicating some buying during the recent downtrend. While distribution remains dominant, this shift suggests early signs of accumulation. pic.twitter.com/efdIINrNbV — glassnode (@glassnode) March 17, 2025 Long-term price predictions remain bullish despite Ether remaining in a downtrend Ethereum (ETH) remains in troubled waters as the ETH/BTC ratio dips to 0.022, a level last seen in May 2020. A 30% monthly decline has been recorded as the asset fails to remain within the $2,1000 critical support area. As the global market cap decreases, leading assets like Ether have struggled to stay afloat. In the last seven days, ETH lost over 5% of its weekly gains. At report time, Ether trades for $1,914, with daily losses increasing by 0.26%. Despite Ether recording a 60% decline from its $4,891 all-time high, analytical institutions maintain a bullish outlook. Their price forecasts indicate that Ethereum is primed for a massive price upsurge. While CoinCodex predicts a price surge to $28,700, a Finder’s expert panel research predicts that prices could tap $17,810 in 2025.

Loe lahtiütlusest : Kogu meie veebisaidi, hüperlingitud saitide, seotud rakenduste, foorumite, ajaveebide, sotsiaalmeediakontode ja muude platvormide ("Sait") siin esitatud sisu on mõeldud ainult teie üldiseks teabeks, mis on hangitud kolmandate isikute allikatest. Me ei anna meie sisu osas mingeid garantiisid, sealhulgas täpsust ja ajakohastust, kuid mitte ainult. Ükski meie poolt pakutava sisu osa ei kujuta endast finantsnõustamist, õigusnõustamist ega muud nõustamist, mis on mõeldud teie konkreetseks toetumiseks mis tahes eesmärgil. Mis tahes kasutamine või sõltuvus meie sisust on ainuüksi omal vastutusel ja omal äranägemisel. Enne nende kasutamist peate oma teadustööd läbi viima, analüüsima ja kontrollima oma sisu. Kauplemine on väga riskantne tegevus, mis võib põhjustada suuri kahjusid, palun konsulteerige enne oma otsuse langetamist oma finantsnõustajaga. Meie saidi sisu ei tohi olla pakkumine ega pakkumine