Ethereum’s Test Market 2022 Style: Can ETH find balance in the middle of a sale?

• Ethereum passes a similar pattern of aggressive loss realizations as seen in the Bear market 2022.
• The potential slope depends on the appearance of a strong absorption zone on the demand side.

The current liquidity on sale from Ethereum (ETH) remains strongly concentrated in the $ 1.4,000 to $ 1.6,000 execution zone.

In the echo of the ETH falls on a perennial low, catalyzed by the risk sense of risk and wide separation, large subjects have launched aggressive distribution cycles.

The primary example is Galaxy Digital, which recently got involved in considerable distribution on the chain.

During the last six trade sessions, Galaxy has attacked the 62,181 ETH worth $ 99.46 million, with an average gear price in a $ 1,599 chain.

According to Ambcrypto, the balance of the demand of supply within this zone is a necessary prerequisite for the breakthrough of high beliefs or transition to structural accumulation.

As long as this balance is formed, the price action is likely to remain related to the range or distribution.

Waiting for market exhaustion to catalyze recovery

The last time Ethereum experienced such a significant pressure on sales during the Bear market 2022, which was proven to be a net profit/loss (PNL) loss that remained consistent in red.

Comparable aggressive loss realization has been going on this year, especially since mid -February, when ETH has been traded from $ 2.7 thousand to $ 3,000.

Thus, which indicates significant liquidation activity and capitulation among the owners, since Ethereum lost more than 50% of its market value, enhancing realized losses throughout the network.

If the metric does not move to a positive territory (green), indicating that the owners exceed the realization of the loss of profit loss, true exhaustion for sale is unlikely to be realized.

Consequently, a pronounced unevenness of supply and demand must occur for catalization of recovery.

Basically, Absorption on the offer side It must surpass the lasting pressure of sales – restoring confidence among the owners and the re -introduction of favorable conditions for the return of profits.

Prague price that could signal Ethereum’s wiring

According to a net -realized profit chart/loss (PNL), at the current price of $ 1,583, approximately 300 million ETH Token made losses, with a price of $ 1,982.

This suggests that a significant part of the market remains underwater, as the owners who have acquired ETH acquired above $ 1,982 currently have paper losses.

The turning point of bull bulls would require a price to surpass the price made to prevent mass capitulation. Mathematically, this would require a price estimate of 20%+ with current levels.

However, the path to such recovery is darkened by the growing exchange reserves, with about 40 million eth deposited exchanges from April 2.

This supply inflow into exchanges suggests the pressure on the sale, increasing the prevailing fud on the market.

Without the absorption of demand, the bull turn remains unlikely, leaving Ethereum sensitive to the further stages of the distribution of the continued losses of the continued losses.