Do you know what the sexiest thing about a volatile market is? When an asset doesn't get scared! 🤯 The NUPL of Ethereum (our beloved ETH) has been calmer than a meditating monk, at 0.22, just when everyone was on edge. And that, my people, is not a detail, it's the signal that ETH is at a brutal equilibrium point!

🧐 The Analysis of Your Crypto Buddy

Let's see, we've come from weeks of pure fear, uncertainty, and selling pressure (the infamous FUD), and ETH stands firm and says: "Nothing is happening here". The price has flirted with $3,150 again, and this gives us a breath of fresh air.

But, what is that NUPL? Imagine that NUPL (Net Unrealized Profit/Loss) is a thermometer that measures how much unrealized profit the average investor has.

  • If it is very high (like in the clouds), it means that everyone is super optimistic (in the "greed" zone) and perhaps it is time to worry about a correction.

  • If it is very low, everyone is in losses or terrified (fear zone).

The fact that it is at 0.22 (with the price hovering around $3,100) means that most holders (those who have ETH) still have moderate gains. That is to say, they have a cushion. The crucial point is this: the market is NOT overheated. There is no crazy euphoria, but a cautious and sensible optimism, which is the best foundation for a strong and sustainable rise after a correction. 💪

🚦 Why is it a signal for us?

Historically, when the NUPL remains stable and positive (above zero, obviously!) and does not fall into negative territory, it is an indication of hidden strength. The average investor is not in panic.

  • Goodbye to Capitulation: If people still have gains, they are not going to sell their ETH at low prices desperately. This stabilizes the price.

  • Transition Phase: We are in a moment of strategic pause. Neither euphoria nor panic. The market is waiting for the next catalyst (a bombshell news, more liquidity) to define the next trend.

If we take a look at the weekly chart, ETH has regained key areas like the simple moving average (SMA) of 100 weeks near $2,900. That's solid structure! Now, the big challenge is to break the 50-week SMA which is around $3,350–$3,400.

In summary: the news tells us that ETH is settling down and building its castle on firm foundations, while the volatility of others tries to knock it down. It's not the time to go crazy, it's the time to be intelligently optimistic. 🧠

Will ETH continue with this steady pace to break that resistance of $3,400, or is this "balance" just the calm before a new wave? 🌊 Stay tuned for the catalysts.$ETH