Ethereum's Bottom Line: Analysts Weigh In on ETH's Market Recovery
Ethereum has been struggling to recover from its recent decline against Bitcoin, but new data suggests it may have finally reached a market bottom. According to on-chain indicators, Ethereum's realized price is below its current trading level, indicating that many holders are still underwater.
This situation is similar to past market cycles, where Ethereum has traded at these levels before significant recoveries. Research from CryptoQuant also supports this view, showing that Ethereum looks historically cheap against Bitcoin after months of underperformance.
Long-term holder conviction remains strong, with nearly one-third of the total Ethereum supply locked in staking, reducing the number of coins available for daily trading and creating a tighter supply. Corporate buyers and institutional investors also continue to hold Ethereum as part of their digital asset portfolios.