42 days ago
Ethereum’s ‘ultra sound money’ narrative has been losing strength recently, as its total supply has hit an all-time high, and the staking ratio has declined by 1% since last November. However, despite these unfavorable supply-side conditions, new data suggests that ETH still holds strong potential for an upward movement. Ethereum’s Market Outlook According to CryptoQuant’s latest analysis , there are several factors at play. Firstly, Ethereum’s realized price currently stands at approximately $2,200, which is notably lower than its market value of $2,600. This figure reflects the average acquisition cost of all ETH holders and acts as a key support level. With MVRV calculated using the realized price slightly exceeding 1, Ethereum appears to be in a highly undervalued state. Additionally, the number of long-term Ethereum holders who have accumulated and never sold is rising quickly, which mirrors a trend seen in Bitcoin. Although some whale investors may have exited during the recent downturn, it appears that these permanent holders have absorbed the selling pressure. In fact, a cohort of whales holding 10K-100K ETH have bought more than 600,000 ETH in the past week alone. Another key factor is that Ethereum’s futures market is experiencing reduced selling pressure. The net market price trading volume chart indicates that although Ethereum’s price has dropped since its $4K peak in November, selling volume has declined to even lower levels. This implies that while prices have decreased, buying interest is gradually strengthening. To top that, major institutions are aggressively increasing their Ethereum holdings. Companies such as BlackRock (100,535 ETH worth around $276 million), Cumberland (62,381 ETH worth $174 million), and Donald Trump’s World Liberty Financial (WLFI) have continued buying during the downturn. This large-scale accumulation is playing a key role in stabilizing the market. Hence, CryptoQuant concluded that although the leading altcoin is currently facing supply-side challenges, such as rising total supply and a declining staking ratio, strong demand factors remain in play. While price movement may remain sideways for a few months due to macroeconomic uncertainties, Ethereum’s long-term potential remains intact. Exchange Reserves Decline Despite the choppy price action, Santiment data revealed that 9.63 million ETH, worth $26 billion, are currently held in exchange wallets. This figure is the lowest since August 2024. Typically, when investors withdraw assets from exchanges, it signals confidence and reduces selling pressure, thereby lowering the risk of major price drops. Analysts also believe Ethereum’s future trajectory will largely depend on Bitcoin’s stability and ability to reclaim its all-time high. Besides, CoinShares recently reported that Ethereum led weekly crypto inflows for the first time in 2025 as it attracted nearly $800 million, nearly double the $407 million that flowed into Bitcoin-related products. The post Ethereum’s ‘Ultra Sound Money’ Narrative Fades, But Key Metrics Signal Growth Potential appeared first on CryptoPotato .
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Ethereum Rally Incoming? Analyst Predicts Breakout Beyond $2,100
Ethereum, the second-biggest cryptocurrency, is getting a lot of attention right now. Some experts who watch the market closely think its price could go above $2,100 soon. They’ve been looking at how Ethereum’s price has been moving and see patterns that suggest it might be heading up. Related Reading: Shiba Inu ETF Proposal—Could This Be SHIB’s Breakout Moment? Short-Term Signs Point Upward One analyst, Crypto Patel, shared his thoughts on the social media platform X. He pointed out a setup on the Ethereum chart that looks promising for a price increase. Patel said Ethereum made a strong move upwards, which changed the way the market is structured. This happened after the price reacted to a level he had already identified as a good place for buyers to step in. #Ethereum Prints Bullish Displacement – Swing High Liquidity in Sight$ETH Price respecting bullish POI with clear displacement on tap. Currently testing mitigation block post-retest. Anticipating bounce to sweep swing high liquidity at $2128.12. ➡️ Entry: $2064.60 ➡️TP:… pic.twitter.com/5Q2q5xrNpM — Crypto Patel (@CryptoPatel) March 25, 2025 Right now, Ethereum’s price is bouncing off a key area around $2,064. This area is called a mitigation block, and it often shows strong buying interest from big investors. The idea is that these investors use this zone to adjust their previous orders before continuing to push the price in a certain direction. Patel suggests that buying in this upper part of the mitigation zone lines up with how these big players often operate. The target price Patel mentioned is $2,128. This level is what’s known as a swing high liquidity zone. These zones often have a lot of stop-loss orders and pending buy orders clustered together. If the price moves into this area, it could trigger those orders and cause a sharp move, allowing investors to profit before the price possibly changes direction. Patel set a stop-loss for this trade at $2,027, just below the mitigation block. This helps limit potential losses if his prediction is wrong. Long-Term Pattern Looks Familiar Another analyst, TimeFreedomROB, also posted on X. He compared Ethereum’s current weekly price pattern to what happened between 2018 and 2020. His chart shows Ethereum breaking below an ascending triangle pattern, which is similar to how it broke below a descending triangle before its big recovery in 2020. Back then, Ethereum’s price hit a low point and then soared from under $100 to almost $4,800. #ETH 1W Price is showing the Same type of Break below support as last Cycle ???? Will Price Recover Rapidly Like Last Time? ???? pic.twitter.com/uoIDTd5w8L — TimeFreedom ®️0️⃣????️ ⚡ (@TimeFreedomROB) March 25, 2025 Currently, Ethereum is trading near $2,060. It recently dropped below the $2,300 mark and tested a lower trendline around $1800. This area also lines up with price levels where there was a lot of demand in previous years. Related Reading: Tron And Bitcoin: Will A Block Reward Cut Boost TRX Price? The analyst’s chart suggests this could be the final dip before a significant price increase, similar to what happened in past cycles. The area between $1,800 and $2,000 has acted as a strong support level in the past. For Ethereum’s price to confirm a return to an upward trend on the weekly chart, it needs to climb back above the $2,200 to $2,400 range. As of now, Ethereum is trading at $2,064. Over the last week, it has gained 6%. Its total market value is $250 billion, and the amount of Ethereum traded in the last 24 hours is $11.71 billion. These analysts are presenting scenarios based on how Ethereum’s price has behaved in the past, but it’s important to remember that the cryptocurrency market can be unpredictable. Featured image from Gemini Imagen, chart from TradingView Crypto Potato
Can Your Accent Jeopardize a Job? Krisp’s AI Tool Thinks It Has the Fix—But at What Cost?
Krisp’s accent tech promises inclusivity in hiring, yet questions around its use by cybercriminals remain a sticking point. Crypto Potato
