A fresh report from Glassnode has dropped like your uncle’s favorite joke at Thanksgiving: awkwardly significant. It highlights an Ethereum level that, if breached, could signal the start of what some are calling an ‘overheated phase.’ 🙃
Ethereum Is Gliding Toward Active Realized Price
This week, the intrepid data explorers at Glassnode have ruminated on some valuation models for Ethereum. You know, just the light stuff—Realized Price, True Market Mean, and Active Realized Price. Sounds like your typical dinner discussion, right?
The Realized Price is effectively the average price paid for Ethereum tokens still doing laps in circulating supply—like those racehorses that keep winning despite a few too many snacks. 🐴💵
On to the other two models, True Market Mean and Active Realized Price. They strive to find the net worth of the network while also trying to exclude long-dormant coins. These poor things might be lost forever due to forgotten wallet keys—like that mysterious sock that always seems to vanish in the laundry! 🧦
Now, feast your eyes on the chart below, showcasing the trends in Ethereum’s pricing models over the last few years. Spoiler alert: it’s less about the drama and more about the numbers.
The graph indicates that the Realized Price is at about $2,100, the True Market Mean at $2,500, and the Active Investor Price at $3,000. So, at ETH‘s current shop price, looks like the holders are feeling like they just found an extra fry at the bottom of the bag! 🍟
But as we’ve escaped above these lines, what comes next? Well, “In order to gauge upside targets for this ETH rally,” says Glassnode, we should examine the +1 standard deviation band of Ethereum’s Active Realized Price. What a mouthful! 🤔
This band is where selling pressure has historically intensified. Why? Because investors tend to realize profits—and you know what that means, don’t you? Mass sell-offs! Brace yourselves for the rollercoaster! 🎢
Check out the chart below for the current position of this elusive $4,500 level.
The data indicates that the Active Realized Price +1 SD is at $4,500. Not quite there yet, but if Ethereum keeps its bullish momentum, we may be retesting that boundary before you can say “HODL!” 🙌
This cycle has already seen ETH flirt with this boundary once, back in March 2024. But it was a fleeting romance, as rejection followed shortly after! In the 2021 bull run, it breached this level, launching the market into an unsustainable joyous frenzy—who doesn’t love a good party that goes on just a bit too long? 🎉
“As such, $4,500 can be identified as a critical level to monitor on the upside,” warns Glassnode, as Ethereum continues its journey upward, potentially fueled by speculative froth. Sounds like a recipe for excitement… or a headache, depending on your perspective!
ETH Price
At the time of writing, Ethereum is happily cruising around $3,600, showing off a near 7% jump over the last week—smooth sailing or the calm before the storm? You decide! 🌊
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2025-07-24 12:06