ETH Shows Big Bullish Sign After Reclaiming $2,700: Report
The post ETH Shows Big Bullish Sign After Reclaiming $2,700: Report appeared on BitcoinEthereumNews.com. ETH shows bullish sign, here’s what level to watch Ethereum boasts 21 achievements on its network by top platforms Popular on-chain data aggregator Glassnode has published a report about the recent price behavior of the second-largest cryptocurrency in terms of market capitalization value, Ethereum. Glassnode has spotted a major bullish sign logged by ETH and named a key price level to watch for traders. You Might Also Like ETH shows bullish sign, here’s what level to watch Glassnode’s report pointed out that after Ethereum recovered the Realized Price level at $1,900 in May, which means that average holders are now back in profit. It happened after ETH unrealized profits switched to the level where this indicator “provides meaningful financial relief for many holders, signaling a bullish outlook.” After that, as May rolled on, Ethereum surpassed the $2,400 mark, the true market mean. The overtaking of this level by ETH indicates large inflows of fresh funds into ETH triggered by the Pectra upgrade implemented on May 7. Petra’s goal was to consolidate the validator set and improve overall Ethereum network efficiency, including cost-cutting on gas fees and targeting the congestion issue that often hits Ethereum. In May, $ETH broke above its Realized Price at $1.9K, putting the average holder back in profit. Price is now above the True Market Mean ($2.4K), a bullish sign – but reclaiming the Active Realized Price at $2.9K remains key for further confidence: https://t.co/EdqeH4GGXO pic.twitter.com/BHEN9Mgdfs — glassnode (@glassnode) May 23, 2025 As part of these inflows, large investments into spot Ethereum exchange-traded funds were noticed. Over the past five weeks, these ETFs recorded almost $6.6 billion worth of inflows. Glassnode referred to this price move as “a bullish sign.” After this, the key level to watch is $2,900, as it “remains key for further confidence” and…
The post ETH Shows Big Bullish Sign After Reclaiming $2,700: Report appeared on BitcoinEthereumNews.com.
ETH shows bullish sign, here’s what level to watch Ethereum boasts 21 achievements on its network by top platforms Popular on-chain data aggregator Glassnode has published a report about the recent price behavior of the second-largest cryptocurrency in terms of market capitalization value, Ethereum. Glassnode has spotted a major bullish sign logged by ETH and named a key price level to watch for traders. You Might Also Like ETH shows bullish sign, here’s what level to watch Glassnode’s report pointed out that after Ethereum recovered the Realized Price level at $1,900 in May, which means that average holders are now back in profit. It happened after ETH unrealized profits switched to the level where this indicator “provides meaningful financial relief for many holders, signaling a bullish outlook.” After that, as May rolled on, Ethereum surpassed the $2,400 mark, the true market mean. The overtaking of this level by ETH indicates large inflows of fresh funds into ETH triggered by the Pectra upgrade implemented on May 7. Petra’s goal was to consolidate the validator set and improve overall Ethereum network efficiency, including cost-cutting on gas fees and targeting the congestion issue that often hits Ethereum. In May, $ETH broke above its Realized Price at $1.9K, putting the average holder back in profit. Price is now above the True Market Mean ($2.4K), a bullish sign – but reclaiming the Active Realized Price at $2.9K remains key for further confidence: https://t.co/EdqeH4GGXO pic.twitter.com/BHEN9Mgdfs — glassnode (@glassnode) May 23, 2025 As part of these inflows, large investments into spot Ethereum exchange-traded funds were noticed. Over the past five weeks, these ETFs recorded almost $6.6 billion worth of inflows. Glassnode referred to this price move as “a bullish sign.” After this, the key level to watch is $2,900, as it “remains key for further confidence” and…
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