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- The long -term holder is transferred to the optimism and anxiety phase as Nupl enters the yellow territory while eth consolidates.
- A strong accumulation continues with 12 million addresses held by the 62.27 million eth.
As Ethereum (eth) hovered about $ 3200, a subtle but significant shift occurred below the surface. Long -term owners (LTH), which are often considered to be a “smart money” of the cryptocurrency market, show the first signs of anxiety since November 2024.
This change of feeling painting a complex image of market psychology at a key price level.
Ethereum -O’s feelings analysis
Analysis of Ethereum Long-term NUPL chart shows a critical shift. The chart shows bars that return to the optimism phase of-anxiety (yellow strips) after maintaining the level of reliability (green bar) of November 2024.
This transition to yellow territory, with readings about 0.48, suggests that LTH is entering the uncertainty period, potentially due to the recent Action of Ethereum price near a $ 3,200 level.
Source: Grenede
Price and Technical Structure Action
Ethereum traded $ 3,217 each, at the time of the press, showing signs of consolidation after recent volatility. Price structure detects several key levels.
Creating higher lowest lowest of December 2024. It suggests strengthening support, with a range of $ 2,800 to $ 2,900 acting as a key tampon zone.
The 50-day moving average (ma) of $ 3,433 consistently provided dynamic support, while 200-day MA to $ 2,900 stronger long-term bull structure.
Source: TraringView
Cluster resistance levels around $ 3,205 to $ 3,345, aligning with the underwater owner’s positions identified through global money data.
This zone represents a significant technical and psychological barrier that must be cleaned to continue the momentum.
Global in/Out from money analysis
Current data Displays over 12 million addresses that hold over 62.27 million Ethereum, with an average acquisition price of $ 2,425.31.
The concentration of the owners who have acquired ETH between $ 2,233.15 and $ 2,612.05 remains significant, although the transition to anxiety phases suggests that these support zones can face increased testing.
The resistant above $ 3,205.97 seems more terrible, given the current change of feeling.
Trends of ETH -AI market dynamics
Despite the displacement of feelings, the indicator of the accumulation/distribution maintains its upwards, reaching almost 48 m. This creates an interesting difference: while LTHS expresses anxiety, the basic patterns of accumulation remain strong.
Thus, contradiction could suggest a price detection period because the market solves this tension.
The consequences of the market for Ethereum
The recent transition to the optimism phase-anxiety (yellow bar) in the Nupl metrics suggests a critical merger for Ethereum.
While technical structures remain bicoist and accumulation continues, growing anxiety among LTH could lead to increased volatility in the short term.
-Crimate the prediction of prices Ethereum (ETH) 2025-26
The market is facing a key test: can a trend of continuous accumulation compensate for the potential pressure of sales from the anxiety LTH.
The resolution of this dynamics is likely to determine the price direction, with particular attention to the resistance zone of $ 3,200 to $ 3,400 and the support level of about 50-day Ma.
