Ethereum (ETH) shows renewed strength: Realized Cap up $3.8B post-Pectra upgrade.
ETH supply on exchanges hits historic low (<4.9%); Abraxas Capital buys 350K+ ETH.
Ethereum Golden Cross forms; analyst Crypto Patel eyes rally to $3.8K-$5K targets.
Ethereum is showing renewed strength as both technical and on-chain indicators align for a potential breakout. One big reason for this optimism is the jump in Ethereum’s Realized Cap since the Pectra upgrade went live earlier this month; this key metric surged by $3.8 billion.
Data from Glassnode (also highlighted on their X account) shows the Realized Cap rose from $240.8 billion on May 7 to $244.6 billion by May 19, a notable 1.6% increase. Importantly, this rise also breaks a three-month downtrend that began in February. Such a shift in market momentum often indicates fresh capital is flowing back into Ethereum, which reinforces its long-term value picture.
Since the #Pectra upgrade, #ETH’s Realized Cap – representing the total capital stored in the asset – has surged from $240.8B (May 7) to $244.6B (May 19).
That's a +$3.8B (+1.6%) rise, reversing a 3-month downtrend since early February. pic.twitter.com…
The post Ethereum (ETH) Bullish Signals Mount: Realized Cap Surges, Exchange Supply Hits Low, Golden Cross Forms appeared first on Coin Edition.
