ETH rose 71% in Q3, but hasn’t overheated
Coinbase Institutional data shows that the share of ETH supply in profit has moved out of the accumulation zone, but is still some distance from the historical warning level. ETH rose 71% in Q3, with no on-chain signs of an excessive rally.
More holders are in profit, but selling pressure hasn’t built up to a dangerous level. Overhead resistance is relatively light, so any pullback is likely to be limited.
ETH holders, what’s your cost basis? Would you dare to add at this level?
$ETH $BTC $SOL
Coinbase Institutional data shows that the share of ETH supply in profit has moved out of the accumulation zone, but is still some distance from the historical warning level. ETH rose 71% in Q3, with no on-chain signs of an excessive rally.
More holders are in profit, but selling pressure hasn’t built up to a dangerous level. Overhead resistance is relatively light, so any pullback is likely to be limited.
ETH holders, what’s your cost basis? Would you dare to add at this level?
$ETH $BTC $SOL