Ethereum May Be One Dip Away From Mass Losses—Data Warns

Ethereum May Be One Dip Away From Mass Losses—Data Warns

On-chain data shows a large portion of the Ethereum market cap was acquired near the current price, making ETH’s position potentially fragile. $123 Billion In Ethereum Market Cap Sits Close To Cost Basis As explained by the on-chain analytics firm Glassnode in a new post on X, the largest share of the Ethereum market cap is currently above the spot price by just 0 to 20%. The indicator of relevance here is the “Market Cap by Profit and Loss,” wh…

Ethereum Price Alert: Glassnode Data Reveals Rising Sell-Off Risk For ETH Holders

BitcoinWorld Ethereum Price Alert: Glassnode Data Reveals Rising Sell-Off Risk for ETH Holders Are you an ETH holder wondering about the current market stability? Recent Glassnode data has shed light on a potentially vulnerable spot for the Ethereum price, suggesting that a large segment of investors might be poised to sell if prices dip slightly. This analysis provides crucial insights into the underlying structure of the crypto market risk cur…