• bitcoinBitcoin (BTC) $ 118,495.00
  • ethereumEthereum (ETH) $ 3,166.59
  • xrpXRP (XRP) $ 2.95
  • tetherTether (USDT) $ 0.999986
  • bnbBNB (BNB) $ 693.04
  • solanaSolana (SOL) $ 164.37
  • usd-coinUSDC (USDC) $ 0.999900
  • dogecoinDogecoin (DOGE) $ 0.199082
  • staked-etherLido Staked Ether (STETH) $ 3,164.53
  • tronTRON (TRX) $ 0.302031
  • cardanoCardano (ADA) $ 0.748074
  • hyperliquidHyperliquid (HYPE) $ 47.93
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 118,340.00
  • stellarStellar (XLM) $ 0.463505
  • suiSui (SUI) $ 4.01
  • wrapped-stethWrapped stETH (WSTETH) $ 3,821.54
  • chainlinkChainlink (LINK) $ 16.42
  • hedera-hashgraphHedera (HBAR) $ 0.237333
  • bitcoin-cashBitcoin Cash (BCH) $ 499.00
  • avalanche-2Avalanche (AVAX) $ 21.93
  • wrapped-eethWrapped eETH (WEETH) $ 3,393.04
  • leo-tokenLEO Token (LEO) $ 8.81
  • shiba-inuShiba Inu (SHIB) $ 0.000014
  • the-open-networkToncoin (TON) $ 3.13
  • wethWETH (WETH) $ 3,166.36
  • litecoinLitecoin (LTC) $ 96.24
  • usdsUSDS (USDS) $ 0.999821
  • binance-bridged-usdt-bnb-smart-chainBinance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 1.00
  • whitebitWhiteBIT Coin (WBT) $ 44.70
  • polkadotPolkadot (DOT) $ 4.13
  • moneroMonero (XMR) $ 333.44
  • coinbase-wrapped-btcCoinbase Wrapped BTC (CBBTC) $ 118,538.00
  • uniswapUniswap (UNI) $ 9.17
  • pepePepe (PEPE) $ 0.000013
  • ethena-usdeEthena USDe (USDE) $ 1.00
  • bitget-tokenBitget Token (BGB) $ 4.63
  • aaveAave (AAVE) $ 332.65
  • bittensorBittensor (TAO) $ 439.87
  • daiDai (DAI) $ 0.999796
  • pi-networkPi Network (PI) $ 0.447924
  • aptosAptos (APT) $ 5.20
  • crypto-com-chainCronos (CRO) $ 0.108023
  • nearNEAR Protocol (NEAR) $ 2.69
  • ethena-staked-usdeEthena Staked USDe (SUSDE) $ 1.18
  • ondo-financeOndo (ONDO) $ 0.949322
  • ethereum-classicEthereum Classic (ETC) $ 19.59
  • internet-computerInternet Computer (ICP) $ 5.57
  • okbOKB (OKB) $ 47.51
  • blackrock-usd-institutional-digital-liquidity-fundBlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
  • jito-staked-solJito Staked SOL (JITOSOL) $ 200.25
  • algorandAlgorand (ALGO) $ 0.287223
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  • mantleMantle (MNT) $ 0.719483
  • pump-funPump.fun (PUMP) $ 0.006674
  • kaspaKaspa (KAS) $ 0.089142
  • ethenaEthena (ENA) $ 0.360896
  • usd1-wlfiUSD1 (USD1) $ 0.999964
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  • vechainVeChain (VET) $ 0.025193
  • cosmosCosmos Hub (ATOM) $ 4.69
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  • pudgy-penguinsPudgy Penguins (PENGU) $ 0.033265
  • polygon-ecosystem-tokenPOL (ex-MATIC) (POL) $ 0.231905
  • render-tokenRender (RENDER) $ 3.93
  • fetch-aiArtificial Superintelligence Alliance (FET) $ 0.753799
  • fasttokenFasttoken (FTN) $ 4.50
  • binance-peg-wethBinance-Peg WETH (WETH) $ 3,166.09
  • official-trumpOfficial Trump (TRUMP) $ 9.53
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  • susdssUSDS (SUSDS) $ 1.06
  • worldcoin-wldWorldcoin (WLD) $ 1.07
  • filecoinFilecoin (FIL) $ 2.63
  • lombard-staked-btcLombard Staked BTC (LBTC) $ 118,437.00
  • skySky (SKY) $ 0.078914
  • spx6900SPX6900 (SPX) $ 1.76
  • binance-staked-solBinance Staked SOL (BNSOL) $ 175.29
  • jupiter-exchange-solanaJupiter (JUP) $ 0.519366
  • jupiter-perpetuals-liquidity-provider-tokenJupiter Perpetuals Liquidity Provider Token (JLP) $ 4.77
  • kelp-dao-restaked-ethKelp DAO Restaked ETH (RSETH) $ 3,328.23
  • rocket-pool-ethRocket Pool ETH (RETH) $ 3,607.39
  • kucoin-sharesKuCoin (KCS) $ 11.66
  • usdtbUSDtb (USDTB) $ 0.999791
  • first-digital-usdFirst Digital USD (FDUSD) $ 0.999186
  • celestiaCelestia (TIA) $ 1.97
  • usdt0USDT0 (USDT0) $ 1.00
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  • nexoNEXO (NEXO) $ 1.31
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  • fartcoinFartcoin (FARTCOIN) $ 1.22
  • stakewise-v3-osethStakeWise Staked ETH (OSETH) $ 3,334.99
  • mantle-staked-etherMantle Staked Ether (METH) $ 3,386.81
  • sonic-3Sonic (S) $ 0.365556
  • solv-btcSolv Protocol BTC (SOLVBTC) $ 118,210.00
  • virtual-protocolVirtuals Protocol (VIRTUAL) $ 1.68
  • polygon-bridged-usdt-polygonPolygon Bridged USDT (Polygon) (USDT) $ 1.00
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  • dogwifcoindogwifhat (WIF) $ 1.08
  • renzo-restaked-ethRenzo Restaked ETH (EZETH) $ 3,342.71
  • liquid-staked-ethereumLiquid Staked ETH (LSETH) $ 3,423.33
  • immutable-xImmutable (IMX) $ 0.540360
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  • binance-bridged-usdc-bnb-smart-chainBinance Bridged USDC (BNB Smart Chain) (USDC) $ 0.999937
  • flokiFLOKI (FLOKI) $ 0.000100
  • arbitrum-bridged-wbtc-arbitrum-oneArbitrum Bridged WBTC (Arbitrum One) (WBTC) $ 118,693.00
  • pax-goldPAX Gold (PAXG) $ 3,346.34
  • syrupusdcSyrupUSDC (SYRUPUSDC) $ 1.11
  • clbtcclBTC (CLBTC) $ 119,480.00
  • wbnbWrapped BNB (WBNB) $ 692.28
  • kaiaKaia (KAIA) $ 0.152498
  • iotaIOTA (IOTA) $ 0.225839
  • vaultaVaulta (A) $ 0.555184
  • ethereum-name-serviceEthereum Name Service (ENS) $ 26.26
  • jupiter-staked-solJupiter Staked SOL (JUPSOL) $ 184.80
  • paypal-usdPayPal USD (PYUSD) $ 0.999615
  • pancakeswap-tokenPancakeSwap (CAKE) $ 2.44
  • theta-tokenTheta Network (THETA) $ 0.837506
  • tether-goldTether Gold (XAUT) $ 3,337.47
  • msolMarinade Staked SOL (MSOL) $ 215.36
  • lido-daoLido DAO (LDO) $ 0.916669
  • jasmycoinJasmyCoin (JASMY) $ 0.016810
  • galaGALA (GALA) $ 0.017756
  • raydiumRaydium (RAY) $ 2.93
  • the-sandboxThe Sandbox (SAND) $ 0.314789
  • tokenize-xchangeTokenize Xchange (TKX) $ 9.35
  • aerodrome-financeAerodrome Finance (AERO) $ 0.863790
  • saros-financeSaros (SAROS) $ 0.276961
  • zcashZcash (ZEC) $ 44.55
  • superstate-short-duration-us-government-securities-fund-ustbSuperstate Short Duration U.S. Government Securities Fund (USTB) (USTB) $ 10.75
  • pyth-networkPyth Network (PYTH) $ 0.123248
  • ousgOUSG (OUSG) $ 111.81
  • mantle-restaked-ethMantle Restaked ETH (CMETH) $ 3,387.16
  • tezosTezos (XTZ) $ 0.654411
  • super-oethSuper OETH (SUPEROETH) $ 3,165.37
  • bittorrentBitTorrent (BTT) $ 0.00000070
  • jito-governance-tokenJito (JTO) $ 1.92
  • pendlePendle (PENDLE) $ 4.13
  • usdx-money-usdxStables Labs USDX (USDX) $ 0.998170
  • memecoreMemeCore (M) $ 0.405665
  • morphoMorpho (MORPHO) $ 2.07
  • cgeth-hashkey-cloudcgETH Hashkey Cloud (CGETH.HASH) $ 3,301.66
  • falcon-financeFalcon USD (USDF) $ 0.999873
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  • chain-2Onyxcoin (XCN) $ 0.018827
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  • flowFlow (FLOW) $ 0.400251
  • mog-coinMog Coin (MOG) $ 0.000002
  • ondo-us-dollar-yieldOndo US Dollar Yield (USDY) $ 1.09
  • decentralandDecentraland (MANA) $ 0.316680
  • l2-standard-bridged-weth-baseL2 Standard Bridged WETH (Base) (WETH) $ 3,167.81
  • newton-projectAB (AB) $ 0.008794
  • telcoinTelcoin (TEL) $ 0.006510
  • bitcoin-svBitcoin SV (BSV) $ 29.65
  • usual-usdUsual USD (USD0) $ 0.997683
  • solv-protocol-solvbtc-bbnSolv Protocol Staked BTC (XSOLVBTC) $ 117,838.00
  • based-brettBrett (BRETT) $ 0.057874
  • heliumHelium (HNT) $ 3.08
  • coredaoorgCore (CORE) $ 0.553745
  • bitcoin-avalanche-bridged-btc-bAvalanche Bridged BTC (Avalanche) (BTC.B) $ 118,354.00
  • thorchainTHORChain (RUNE) $ 1.57
  • wrapped-hypeWrapped HYPE (WHYPE) $ 47.95
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  • beldexBeldex (BDX) $ 0.074450
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  • arbitrum-bridged-weth-arbitrum-oneArbitrum Bridged WETH (Arbitrum One) (WETH) $ 3,171.90
  • starknetStarknet (STRK) $ 0.144636
  • staked-hypeStaked HYPE (STHYPE) $ 47.80
  • ripple-usdRipple USD (RLUSD) $ 0.999791
  • syrupMaple Finance (SYRUP) $ 0.480429
  • usddUSDD (USDD) $ 1.00
  • binance-peg-dogecoinBinance-Peg Dogecoin (DOGE) $ 0.199212
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  • stader-ethxStader ETHx (ETHX) $ 3,369.52
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  • swethSwell Ethereum (SWETH) $ 3,467.92
  • hashnote-usycCircle USYC (USYC) $ 1.09

Signs of Accumulation Arise as Ethereum (ETH) Price Drops to $2,500

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Signs of Accumulation Arise as Ethereum (ETH) Price Drops to $2,500

Ethereum (ETH) price is exhibiting both positive and negative signals, with the latter coming from investors.

The positive sentiment, however, comes from the market, which hints at the right conditions for accumulation.

Ethereum Investors Have an Opportunity

Following Ethereum’s price drop, along with the rest of the market, a wave of panic set in. The 8.3% drop in the last 24 hours significantly impacted investors as they moved to sell.

According to the Realized Loss Indicator, over $144 million worth of ETH was sold within a day. The indicator measures the total losses arising from the ETH sold in the last 24 hours.

This attempt was not to secure gains but to offset losses, and as it appears, investors still faced losses.

This panic selling, however, does not encapsulate the sentiment of the broader market. The $144 million losses represent only 0.65% of ETH’s 24-hour trading volume of $22.03 billion.

Signs of Accumulation Arise as Ethereum (ETH) Price Drops to $2,500

Ethereum Realized Losses. Source: Glassnode

In fact, this drawdown was more of a bullish signal than a bearish one, as noted by the Market Value to Realized Value (MVRV) ratio. The MVRV ratio assesses investor profit and loss throughout the indicator’s measurement.

Currently, Ethereum’s 30-day MVRV stands at -5.3%, indicating losses and possible buying pressure. Investors who bought their ETH in the past month are now facing 5% losses, which could lead to a change in sentiment.

Historically, ETH MVRV between -5% and -12% usually signals the start of rallies and recoveries, marking it as an accumulation opportunity zone. Thus, Ethereum’s price could note a reversal if the buying pressure kicks in.

Signs of Accumulation Arise as Ethereum (ETH) Price Drops to $2,500

Ethereum MVRV Ratio. Source: Santiment

ETH Price Prediction: Barrier Up Ahead

Ethereum’s price is currently at $2,525 after falling through the supports of $2,681 and $2,546. These levels have provided a solid cushion for ETH, preventing drawdowns throughout August.

In the last 12 hours alone, ETH has recovered by 2.7%, bringing it closer to the support of $2,546. Once tested as support, it will enable a rise beyond $2,681 and place ETH on track to continue recovering the 30% losses of the July crash after reclaiming $3,000.

Signs of Accumulation Arise as Ethereum (ETH) Price Drops to $2,500

Ethereum Price Analysis. Source: TradingView

On the other hand, since ETH has rigorously tested the area between $2,681 and $2,546 as a consolidation zone, it could be repeated. This would delay the recovery and intensify panic selling, invalidating the bullish thesis.

Source

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