🔥ATTENTION🔥
$ETH RETURNS TO A KEY ZONE THAT ONLY APPEARED 4 TIMES SINCE 2020
🚀#Ethereum is trading VERY close to the "Realized Price" of whales holding more than 100,000 ETH
🎯A level that has historically marked decisive moments for the price.
🔹The Realized Price is the average price at which whales with more than 100,000 ETH bought their coins
🔹When the market price approaches that level, the market enters a zone of extreme equilibrium
🔹Historically marks moments where it is defined whether there is final capitulation or the beginning of accumulation
Why is this relevant now⁉️
▪️Since 2020, this has only happened 4 times
▪️In the previous 3 occasions, $ETH was close to a macro floor
▪️After those events, the price recorded significant rallies
▪️It wasn't immediate, but it did mark relevant trend changes
What does the behavior of the whales tell us⁉️
📍These entities concentrate a very large portion of the supply
📍When the price approaches their average cost, historically they stop selling
Source CryptoQuant
#BinanceHODLerMorpho #ETH #ETHBreaksATH
