There is such an interesting indicator as Unrealized Profit, which allows you to compare the estimated value of an asset in comparison with past cycles. To be more precise, Unrealized Profit is: Unrealized Profit: This is the potential profit of ETH holders, which is calculated based on the difference between the current price and the purchase price, but these coins have not yet been sold. That is, this is a "paper" profit that can change with price fluctuations. Despite the fact that ETH is trading near the highs of March 2024, Unrealized Profit is significantly lower. Then, the relative unrealized profit of ETH reached +2Ļ (standard deviation) at $3.98K , and today it is approaching +1Ļ. If the ETH price reaches +2Ļ now, it will be about $4.9K.
Retail investors are selling ETH. There is a surge in fixations from private investors, while whales, on the contrary, are gaining assets. Among large public sales, the Ethereum Foundation sold 2,795 ETH for $12.7 millions.
In general, the right decision would be to dump half of the current position and recoup the funds invested in the asset, and then hold until a new ATH and above. Thus, this is another argument in favor of the asset reaching $5,000 and updating the high.
