Ethereum’s recovery rally has stalled over the past few days, with ETH trading sideways as selling pressure mounts. The hesitation stems from long-term holders (LTHs) moving to secure profits, a trend historically tied to major price reversals. While this behavior is not new, its reappearance threatens further downside. Key Ethereum Holders Sell The LTH Net Unrealized Profit and Loss (NUPL) metric reveals that each time the indicator crosses the 0.65 mark, Ethereum’s price struggles. This is because profit levels reach a saturation point where seasoned investors prefer to sell rather than hold, resulting in price stagnation or corrections. Currently, Ethereum reflects the same behavior as its past cycles. With LTHs realizing substantial profits, the sell-off is undermining ETH’s upward trajectory.…
Ethereum Long-Term Holders Sell Heavily: Is Price About To Suffer?
Source: beincrypto.com — Read the full article