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\n\t\t\t\t\t\t\t\t\tETH sits at midpoint of its realized price band as market remains indecisive. \t\t\t\t\t\t\t\t<\/p>\n<\/p><\/div>\n
Ethereum steadied near $2,180 after modest daily gains, but remained down 6.3% on the week, as volatility eased even as conflicting claims of \u201cproductive\u201d US talks and Iran\u2019s outright denial added to geopolitical uncertainty.<\/p>\n
With realized price acting as resistance, the leading crypto asset is struggling to break higher.<\/p>\n
Ethereum appears to be trading within a short-term range, according to analyst Darkfost. The current price sits close to the crypto asset\u2019s average realized price of $2,300, which indicates that a large share of holders are near break-even. Using standard deviation bands, the projected upper bound of the realized price stands at $5,300, while the lower bound is estimated at $1,150.<\/p>\n
Current positioning places<\/a> Ethereum near the midpoint of this range. In the current market conditions, the realized price is acting as a resistance level, which essentially means that some investors may view it as an opportunity to exit at cost.<\/p>\n Adding to this, separate on-chain data shared by analyst Wise Crypto revealed<\/a> that a developing tug-of-war between large holders and accumulating investors brought back important levels into focus. The $2,027 zone emerged as critical support, while the crypto asset broke above a former resistance of $2,148 on Wednesday. The analyst had previously stated that a break above this could revive upward momentum, whereas a drop below support may expose ETH to further downside toward $1,928.<\/p>\n Earlier this week, another analyst, Ali Martinez, found<\/a> that Ethereum is in a prime accumulation zone between $2,000 and $1,800. Notably, its MVRV ratio also dropped below 0.8, a level historically associated with undervaluation and prior market bottoms. This is in line with a developing ascending triangle on the weekly chart, while a recent bullish flip in the Supertrend indicator pointed to early signs of a possible trend reversal after a long period of consolidation.<\/p>\n On the staking side of things, crypto staking provider Everstake stated that Ethereum may be entering a new phase. It was observed that the total amount of Ethereum staked has reached a record high. Around 38 million ETH is currently locked in staking, reducing the share of tokens available for trading in the market.<\/p>\n According to the firm, this decline in liquid supply, alongside continued demand, is creating conditions that could support a stronger price environment.<\/p>\n LIMITED OFFER for CryptoPotato readers at Bybit: Use this link<\/a> to register and open a $500 FREE position on any coin!<\/b><\/p>\n<\/div>\n<\/div>\nStaking Surges<\/h2>\n
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