$ETH Alongside the broader cryptocurrency market, Ethereum (ETH) recorded a significant market rebound at the end of April to rise above $1800. Following a widespread price correction that began in December 2024, the prominent altcoin may have finally found some upward momentum to transform investors' fortunes. Interestingly, prominent cryptocurrency analyst Burak Kesmeci has shed some positive light on this development.
Retail investor inflows in Ethereum support the bullish case
In a post on X dated May 2, Burak Kesmeci suggested that Ethereum might enter a long-term bullish price trend based on short-term holder activity. According to the veteran analyst, the number of short-term holders or traders in Ethereum is approaching a certain threshold that historically indicates long-term price increases.
In the Ethereum market, short-term holders refer to wallets or addresses that have recently acquired Ethereum, typically within less than 155 days. These investors are usually sensitive to market trends and price fluctuations, often driven by speculation and quick profit-taking rather than long-term conviction.
A rising number of short-term investors typically indicates renewed interest in the market due to new players entering the space. However, Kesmeci notes that short-term ETH holders, currently numbering 3.92 million, need to exceed 4 million to signal that the ETH market has enough bullish momentum for a strong upward trend.
It is noteworthy that Ethereum has seen strong price spikes when the number of STH previously rose above 4 million, as observed in 2022 and 2024. Kesmeci mentions that as long as short-term Ethereum holders remain below this threshold, it may reflect insufficient market demand to sustain Ethereum's current highs.
Meanwhile, the number of long-term Ethereum holders has now reached 104.24 million, indicating strong market confidence in the asset's price increase potential. An increase in LTH usually occurs due to the maturation of the coin, as its short-term holders choose not to sell for more than 155 days.#AppleCryptoUpdate #BinanceHODLerSTO #DigitalAssetBill #SaylorBTCPurchase #SaylorBTCPurchase #BinanceAlphaAlert $ETH
