Ethereum Trades Under Realized Price as Exchange Inflows Top $887 Million
BeInCrypto
Ethereum is trading below its Realized Price amid significant exchange inflows, suggesting potential for further price decline.Summary
Ethereum has continued its decline, trading below its Realized Price, which indicates widespread unrealized losses among holders, confirmed by an MVRV ratio below 1.0. On-chain data suggests this pattern mirrors historical downturns where further capitulation often precedes a durable bottom. Adding to the bearish sentiment, approximately 445,000 ETH, valued over $887 million, has recently flowed into exchanges, signaling active selling pressure. Currently trading near $1,997, ETH faces critical support at $1,866; a break below this could lead to a drop toward $1,385 or even $1,231. A sustained rebound above $2,000, driven by reduced exchange deposits, is needed to invalidate the current downside risk.
(Source：BeInCrypto)