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Ethereum Price Forecast: ETH faces heavy distribution as price slips below average cost basis of investors
Ethereum (ETH) extended its decline on Wednesday, dropping more than 5% over the past 24 hours toward the $2,100 level, which is below the $2,310 average cost basis or realized price of investors, according to CryptoQuant's data. Historically, the realized price serves as a support level during market downturns. However, a sustained move below it often leads to increased fear and capitulation, as evidenced by the more than $1.5 billion losses investors booked over the past week, per Santiment data. A similar sentiment is visible across wallets of different sizes — from whales to retailers — with prices now also ... (full story)
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