Ethereum Price Falls Below Realized Price Amid Whale Capitulation
A significant decrease in the value of Ethereum has occurred, and it now has fallen under the realized price of $2,000—an occurrence that isn't common and so has drawn lots of eyes to the cryptocurrency market. Why? Because the realized price is considered quite a valuable metric; it shows you the average price at which all ETH has ever been purchased, so it also shows you the value that the overall market thinks Ethereum has since it's a measure of the overall market's entry price into the Ethereum asset. Historical Context and the Whale's Exit The last time the price of Ethereum fell below its realized price was in March 2020, during the early days of the market crash that the pandemic brought about. At that time, the price of Ethereum plummeted, not from a very high level, but from […]