ETH Holder Confidence Remains Strong Amidst $10 Million Sell-Off
Sell-Off Overview
Earlier today, the Ethereum Foundation sold 100 ETH for $262,474, contributing to a total of 3,766 ETH sold this year, amounting to $10.46 million. This consistent trend of selling may cause shifts in market supply and demand.
Holders' Sentiment Analysis
Despite liquidation events, metrics like Net Unrealized Profit/Loss (NUPL) indicate that Ethereum holders maintain an optimistic outlook. Current data shows that the ratio of holders in profit has increased from 60% to 64.37%, reflecting investor confidence.
Price Analysis and Predictions
Currently priced at $2,632, Ethereum may be poised for a price surge if the Commodity Channel Index (CCI) continues to rise. Conversely, a decrease in CCI could indicate a potential decline.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.