Ethereum Price Forecast: Bulls reclaim dominance, but buying remains weak

From fxstreet.com

Ethereum (ETH) has slowly seen a return of bullish dominance over the past few days after a lengthy period of bearish pressure. However, buying pressure remains weak despite registering nearly a 10% gain since the beginning of the month. The Net Unrealized Profit/Loss (NUPL) metric has eased from -0.46 to -0.30, indicating that while recent price gains have reduced investors' losses, their holdings remain underwater. A larger price gain, fueled by strong buying pressure, will be needed to lift those holdings back into profit territory. Whales or wallets with a balance of 10K-100K ETH saw inflows of roughly 100K ETH ... (full story)