Ethereum’s Price Falls Below $4,000 Again, But A Reversal Awaits
Ethereum dropped below $4,000, but on-chain data suggests short-term holder capitulation may precede a market rebound.Summary
Ethereum's price has recently slipped below the $4,000 mark, trading around $3,727, reflecting a lack of broad market support. However, on-chain indicators suggest a potential recovery is imminent. The Short-Term Holder Net Unrealized Profit/Loss (STH-NUPL) ratio has entered the capitulation zone, historically signaling a market rebound as selling pressure eases. Furthermore, HODL waves indicate that most long-term investors are holding their positions, reinforcing market confidence. If Ethereum successfully bounces off the $3,742 support level, it could target a return to $4,000 and potentially reach $4,221. Conversely, a failure to hold momentum could lead to a correction toward $3,489, which would invalidate the short-term bullish outlook.
(Source：BeInCrypto)