$ETH This rally has broken above the Realized Price of $1,900, putting the average ETH holder back in profit and providing significant relief. Price has also surpassed the True Market Mean ($2,400), which tracks active participants' cost basis excluding lost/dormant coins. However, the Active Realized Price ($2,900) remains overhead as a key resistance level that must be reclaimed to sustain improved investor confidence. Both metrics typically mark cycle midpoints for Ethereum.
After pumping for almost 6.5% since we published the bullish insight, this index finally started ts recoery move after toughing our ultimate resistance zone at the end of wave X and as you can see, we are deep down in 3.7% correction until now.
Now it seems it is time for this index to find some support soon to push up one more time before it is ready to go for an ultimate correction to break out of this ascending channel.
The ETH/BTC ratio has been in sustained decline since the 2022 Merge, recently hitting 0.018—the lowest since January 2020. Ethereum's recent outperformance has driven a sharp reversal, with the ratio surging 14.5% to 0.026, marking the 46th largest increase on record.