Current metrics on ETH:

-Fund outflows from ETH ETFs continue;

-Many old holders were knocked out in the range of $2625-$2778 (hands changed);

-Large liquidations on futures will occur at marks of $2839;

-Shorts dominate on Ethereum over the last 24 hours;

-Coins for staking were purchased by large players at an average price of $2495;

-The realized value of all ETH coins has not yet fallen below the trend line, and only after falling below this line did the growth begin over the entire historical period (the market price should be lower than the realized price) (Chart 3 ETH-Realized price)

Conclusion: As long as the price is above 2400$ for Ethereum, it is too early to look for entry points on spot.