Trust
Reason to trust
Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
Strict editorial policy that focuses on accuracy, relevance, and impartiality
Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.
Article Translation
Ethereum Has Only Realized Price Of Mega Whales To Rely On Now
In a CryptoQuant Quicktake post, analyst MAC_D has discussed about where the next major support level could lie for Ethereum. The line in question is a version of the Realized Price.
Understanding the Realized Price
The "Realized Price" is an on-chain indicator that keeps track of the average cost basis of investors belonging to a given ETH cohort. When this metric is under the spot price, it means the average member of the group is holding coins at a net loss. On the other hand, it being above the asset’s value suggests the cohort as a whole is in a state of net profit.
Investor Cost Basis
Investor cost basis is considered an important topic in on-chain analysis, as holders can be more likely to show some kind of move when their profit-loss status is challenged. Whether investors react by buying or selling can come down to which direction the retest of their acquisition level is occurring from.
Realized Price of Mega Whales
A cost basis level that has shown particular importance for not just Ethereum, but digital assets in general is the Realized Price of the entire network. As the chart shared by the quant shows, this level is currently situated around $2,250 for ETH.
Realized Price of Individual Cohorts
From the graph, it’s apparent that the line provided support to Ethereum last year, but it has failed recently as the coin’s price has significantly fallen under it. This means that the average holder on the blockchain is now sitting on a notable loss. With this major level gone, the Realized Price of the individual cohorts could help point to where the next support could be.
Conclusion
Ethereum has only realized price of mega whales to rely on now, as the average holder on the blockchain is now sitting on a notable loss.
FAQs
Q: What is the Realized Price?
A: The Realized Price is an on-chain indicator that keeps track of the average cost basis of investors belonging to a given ETH cohort.
Q: What is the significance of the Realized Price?
A: The Realized Price is considered an important topic in on-chain analysis, as holders can be more likely to show some kind of move when their profit-loss status is challenged.
Q: What is the current Realized Price of Ethereum?
A: The current Realized Price of Ethereum is around $2,250.
Q: What is the significance of the Realized Price of individual cohorts?
A: The Realized Price of individual cohorts could help point to where the next support could be, as the average holder on the blockchain is now sitting on a notable loss.
