Ethereum Pops 11%, but Still Can’t Break Free as Holders Sell at a Loss
Despite an 11% surge, Ethereum price remains consolidated as short-term holders continue selling at a loss.Summary
Ethereum experienced an 11% surge in 24 hours but failed to sustain a meaningful recovery, remaining trapped in a broader consolidation structure due to persistent selling pressure from recent buyers. On-chain data from Santiment shows that Ethereum holders who bought in the last 30 days are facing an average loss of 5.5%, making ETH the most undervalued major altcoin by MVRV 30-day metrics compared to peers like Bitcoin and Cardano. This undervaluation is leading to panic selling rather than accumulation, as evidenced by realized losses remaining elevated, which limits upward momentum. Technically, ETH is trading around $2,067, capped below $2,108 resistance and supported by a $1,902 demand zone. A sustained breakout above $2,108 requires a shift in investor confidence where loss-driven selling halts and accumulation resumes, potentially aided by favorable macro cues.
(Source：BeInCrypto)