Ethereum Price: Concerns Among Long-term Holders

user avatar

by Giorgi Kostiuk

2 years ago

Ethereum's price has breached a long-term support level, raising concerns among long-term holders. Current NUPL figures indicate potential market shifts.

Ethereum Price Breaking Long-term Support Level

The recent decline in Ethereum's price dented investor confidence as historic support points failed to hold. However, ETH remains supported around $1,950. The $2K-$2.1K range is crucial for potential large timeframe reversals, and reclaiming this could move it up to $2,400-$2,500, easing short-term bearish concerns.

Historical ETH's Q1 Performances

Ethereum is set to finish its worst Q1 ever, reflecting serious investor fears. ETH traditionally had strong Q1 performances, but 2024 has seen difficulties returning to key levels. The current three-month rolling performance shows ongoing weakness and increasing selling pressure.

Current Fear Level Analysis

The current NUPL level is at 0.38, indicating a shift from hope to fear. If the fear escalates, Ethereum could continue falling below current support levels. A return to a NUPL of 0.45 may imply a retest of levels above $2,500. Market indecision remains: further falls confirm capitulation, but staying here could lead to a new rally.

Ethereum's situation remains uncertain as its price hovers around key support levels. Observations in the coming weeks will reveal if the bearish trend persists or if recovery is possible.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

Circle Plans Acquisition of Tazapay to Enhance Payment Solutions

Circle plans to acquire Tazapay to enhance cross-border payment solutions, with completion expected in 2027.

user avatarDavid Robinson

Circle's Financial Performance Shows Growth Amidst Changing Market Dynamics

Circle's financial performance shows growth with a net income of 226 million and adjusted EBITDA rising by 85% to 317 million.

user avatarArif Mukhtar

BVNK Launches Open USD for Eligible Business Customers

BVNK has launched Open USD (OUSD) for eligible business customers, allowing them to mint, redeem, hold, and transfer OUSD across multiple blockchain networks.

user avatarLuis Flores

Circle Reports Significant Growth in USDC Onchain Transaction Volume

Circle reports a 49% year-over-year increase in USDC onchain transaction volume for Q3 2026, reaching 139 trillion.

user avatarMaria Gutierrez

Cipher Digital Advances Colchis Project with Conditional Baseload Classification

Cipher Digital reports conditional baseload classification for its 1-gigawatt Colchis project and is developing pipelines for future expansion.

user avatarAndrew Smith

Cipher Digital Achieves First HPC Lease Revenue and Extends Barber Lake Lease

Cipher Digital has recognized its first HPC lease revenue in Q3 2026 and extended its Barber Lake lease to 20 years, increasing contracted revenue to $91 billion.

user avatarJacob Williams

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.