Ethereum's Long-Running Capitulation Phase May Be Coming to an End

Ethereum's price has been under pressure for months, but recent data suggests that the crypto may be finally turning a corner. Since January, the majority of Ethereum supply has been held at a loss, marking one of its longest and most severe capitulation phases.

However, on-chain data is showing growing buyer momentum and resilience, with prices recovering from lows near $1,500 to around $1,890.

The key resistance level lies near $1,935, and if Ethereum can break through this barrier, it could trigger a significant bullish phase. Long-term investors are accumulating at reduced prices while weaker holders exit, setting the stage for potential price increases in the future.