• Ethereum’s RSI at 38.49 suggests it may be oversold, signaling a possible price reversal if confirmed by other indicators.
• Mixed sentiment in Ethereum’s derivatives market shows decreased open interest but increased options trading volume.
• Large holders dominate 89% of Ethereum supply, creating potential volatility if significant selling occurs in the market.

Ethereum’s realized price has held steady, even as the market experienced a significant downturn over the past five months, according to a new analysis by CryptoQuant. This price level has historically acted as strong support, and when Ethereum’s performance surpasses it, it has often signaled the start of altcoin bull markets. Traders are keenly observing these trends for any signs of an upward shift.

Currently, Ethereum’s price is $2,500.09,…

The post Ethereum Realized Price Holds Strong: Is an Altcoin Bull Market Coming? appeared first on Coin Edition.

• Ethereum’s RSI at 38.49 suggests it may be oversold, signaling a possible price reversal if confirmed by other indicators.
• Mixed sentiment in Ethereum’s derivatives market shows decreased open interest but increased options trading volume.
• Large holders dominate 89% of Ethereum supply, creating potential volatility if significant selling occurs in the market.

Ethereum’s realized price has held steady, even as the market experienced a significant downturn over the past five months, according to a new analysis by CryptoQuant. This price level has historically acted as strong support, and when Ethereum’s performance surpasses it, it has often signaled the start of altcoin bull markets. Traders are keenly observing these trends for any signs of an upward shift.

Currently, Ethereum’s price is $2,500.09,…

The post Ethereum Realized Price Holds Strong: Is an Altcoin Bull Market Coming? appeared first on Coin Edition.