$ETH Will Ethereum's price exceeding its established price pave the way for a new rise?

The realized price is an important indicator in the cryptocurrency market, representing the average cost of purchasing all traded currencies. When an asset trades above its realized price, it indicates a positive market where the majority are making profits, while trading below it indicates a period of losses and negative sentiment among investors.

According to data from Binance, Ethereum is currently trading above $1,900, well above its realized price. This is attributed to significant activity from long-term investors, along with active deposit and trading activity from staking addresses.

Although the market recovery began in mid-April, the significant rise in Ethereum's price occurred only last week, reflecting renewed confidence in the asset from major investors. The large outflow of Ethereum from Binance—the largest exchange by trading volume—indicates a consolidation behavior from investors, strengthening the likelihood of a continued uptrend.