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Ethereum Weekly Price Forecast: Onchain data paints bearish picture
Following Ethereum's (ETH) decline to the $2,000 psychological level over the past few days, loss realization has increased. Investors have booked losses of roughly $667 million over the past three days, the largest since early May. The move signals investors are selling into the market weakness and expanding downside risks. Notably, selling accelerated after buyers failed to push prices above the realized price/average onchain cost basis of retail investors. Over the past three months, that level has served as a significant overhead resistance, reinforcing a break-even distribution pattern among retail cohorts that ... (full story)
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