Ethereum Holders Ignore Losses & Maybe Sanity – See Why They’re Not Blinking! 😂💸

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Okay, so here’s what’s happening with Ethereum, and I gotta say, it’s classic: The price takes a nosedive – we’re talking went from $4,107 to what, like $1,800? About as pleasant as a surprise colonoscopy. Yet, the true believers, the “accumulation addresses” (fancy way of saying stubborn people with too much time and ETH), these folks just keep buying more. Losing money on paper? Eh, whatever! Let’s buy more! That’s the move? Really?

Ethereum Faithful: “We’re Not Leaving!” (Probably Should?)

You’d think after ETH loses more than half its value, people would maybe – I dunno – panic a little? Sell a bit? Nope! These long-term holders, they’re just gritting their teeth like it’s Festivus and holding on for dear life. Most bought in at way higher prices, they’re deep in “unrealized loss” – which is like regular loss, except you can still pretend you’re not a schmuck.

Picture this: since March 10, ETH dropped to $1,866, while the average price people paid (the “Realized Price”)? That was $2,026. So everyone’s underwater, but hey, let’s keep adding! That’s logic.

By the way, in crypto jargon, an “accumulation address” is just a wallet that grabs ETH and never lets go. Like your uncle who hoards ketchup packets from every diner.

Normally when people keep buying into a losing market, you’d think they know something you don’t. Or maybe, just maybe, they’ve all gone full Kramer with their portfolio.

What’s with this “Realized Price” stuff? It’s just a fancy way to remind you what everyone paid, so you can really savor the loss when you check your wallet. That number dropped a bit too, like a slow leak in your inflatable pool of dreams.

Here’s the kicker: these addresses upped their ETH stash from 15.5 million to over 19 million since March. 22% more coins, despite prices tanking. If that’s not commitment, I don’t know what is. Or maybe it’s just the sunk cost fallacy in action. You decide.

“Downtrend? Unrealized losses? More ETH please!” – Some Ethereum Whale probably

So… Did ETH Hit Bottom or Is This Just the Basement?

Some analysts say it could drop to $1,200, but others are saying, “Maybe we’re at the bottom already!” These are the same people who think waiting in line at the DMV is a good time, so, grain of salt.

But hey, ETH showed a “golden cross” on the daily chart. That’s technical talk for “this thing sometimes goes up after this, unless it doesn’t.” As of right now, ETH is a whopping $1,801, and, get this, down 1.4% just today! Break out the party hats, folks! 🥳

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2025-05-06 05:11