- Ethereum has pulled back nearly 5.62% from its local high of $2,597, as weak hands cashed out.
- Could this “dip” be signaling a healthy retracement, or is it the start of a deeper pullback?
In crypto, the “one sigma rule” holds strong: Every sharp sell-off becomes fresh ammo for dip buyers eyeing discounted supply.
Ethereum [ETH] just dropped 5.62% from its local high of $2,597 on the 10th of May, tapping into short-term liquidity.
Will ETH honor the sigma rule here? If so, this dip might not just be a flush, but a springboard.
Short-term weakness, long-term opportunity
Glassnode data shows that as ETH tapped $2,580, the supply at this price point surged from 1 million to 1.3 million ETH.
In other words, about 300,000 ETH were offloaded right around that cost basis, likely triggering a wave of selling into a key liquidity zone.
No surprises here. As AMBCrypto flagged, short-term holders (wallets holding ETH <155 days) saw their aggregate cost basis flip below spot as Ethereum tested its early-March high of $2,546.
This setup was textbook: Price tags hit STH breakeven, weak hands hit the sell button, and short-term realized profits spike.
Source: Glassnode
Consequently, the long side takes a beating. In the last 24 hours alone, a brutal $115.51 million in long positions were liquidated, accounting for a staggering 68% of total liquidations.
On the flip side, Abraxas Capital may have been quietly loading the dip. On-chain flows suggest the fund hoovered up roughly $400 million worth of Ethereum over the past three days.
That pegs their average entry around $2,580, amounting to 155k ETH – just as retail investors were selling into resistance. Looks like they’re accumulating for the next macro leg.
Flush, reset, reload: Is Ethereum gearing up again?
As AMBCrypto pointed out, the broader market is hitting the reset button post-U.S.-China trade deal, with macro forces pushing strategic investors to reposition their stacks.
Risk capital is pulling the ripcord for now. It is reflected in a 1.77% dip in the total crypto market cap to $3.71 trillion at press time, while Bitcoi [BTC] dominance slips 3% to 62.94% from its recent peak.
Naturally, Ethereum is feeling the heat, down about 5% on the day.
But under the surface, things look less bearish. New address count ripped 12.26% higher to 103,815, hinting at renewed network traction.
Source: Glassnode
Meanwhile, whale addresses (>1k ETH) saw a minor uptick, with six new wallets entering the fray.
Clearly, smart money’s playing the long game. If macro winds stabilize and the sigma-rule holds, Ethereum could be gearing up for a clean breakout past the $2,580 resistance.
- Ethereum has pulled back nearly 5.62% from its local high of $2,597, as weak hands cashed out.
- Could this “dip” be signaling a healthy retracement, or is it the start of a deeper pullback?
In crypto, the “one sigma rule” holds strong: Every sharp sell-off becomes fresh ammo for dip buyers eyeing discounted supply.
Ethereum [ETH] just dropped 5.62% from its local high of $2,597 on the 10th of May, tapping into short-term liquidity.
Will ETH honor the sigma rule here? If so, this dip might not just be a flush, but a springboard.
Short-term weakness, long-term opportunity
Glassnode data shows that as ETH tapped $2,580, the supply at this price point surged from 1 million to 1.3 million ETH.
In other words, about 300,000 ETH were offloaded right around that cost basis, likely triggering a wave of selling into a key liquidity zone.
No surprises here. As AMBCrypto flagged, short-term holders (wallets holding ETH <155 days) saw their aggregate cost basis flip below spot as Ethereum tested its early-March high of $2,546.
This setup was textbook: Price tags hit STH breakeven, weak hands hit the sell button, and short-term realized profits spike.
Source: Glassnode
Consequently, the long side takes a beating. In the last 24 hours alone, a brutal $115.51 million in long positions were liquidated, accounting for a staggering 68% of total liquidations.
On the flip side, Abraxas Capital may have been quietly loading the dip. On-chain flows suggest the fund hoovered up roughly $400 million worth of Ethereum over the past three days.
That pegs their average entry around $2,580, amounting to 155k ETH – just as retail investors were selling into resistance. Looks like they’re accumulating for the next macro leg.
Flush, reset, reload: Is Ethereum gearing up again?
As AMBCrypto pointed out, the broader market is hitting the reset button post-U.S.-China trade deal, with macro forces pushing strategic investors to reposition their stacks.
Risk capital is pulling the ripcord for now. It is reflected in a 1.77% dip in the total crypto market cap to $3.71 trillion at press time, while Bitcoi [BTC] dominance slips 3% to 62.94% from its recent peak.
Naturally, Ethereum is feeling the heat, down about 5% on the day.
But under the surface, things look less bearish. New address count ripped 12.26% higher to 103,815, hinting at renewed network traction.
Source: Glassnode
Meanwhile, whale addresses (>1k ETH) saw a minor uptick, with six new wallets entering the fray.
Clearly, smart money’s playing the long game. If macro winds stabilize and the sigma-rule holds, Ethereum could be gearing up for a clean breakout past the $2,580 resistance.
В любое время дня и ночи можно положиться на доставку алкоголя 24 часа. Независимо от того, что вам нужно – шампанское, вино или крепкие напитки, всё будет доставлено быстро и безопасно.
get cheap clomid without a prescription can i order cheap clomid without rx can i buy clomid without prescription zei: cost clomiphene for sale clomiphene 50mg tablets clomiphene medication cost order cheap clomid price
This is the stripe of topic I have reading.
More peace pieces like this would insinuate the web better.
order azithromycin 500mg generic – zithromax tablet flagyl 200mg uk
order rybelsus 14mg – semaglutide 14 mg pill periactin 4 mg drug
order domperidone 10mg – domperidone usa cyclobenzaprine uk
generic inderal 20mg – buy inderal 10mg online cheap methotrexate 5mg sale
amoxicillin price – diovan 160mg generic ipratropium 100mcg usa
zithromax oral – tindamax without prescription nebivolol 20mg brand
cost augmentin – https://atbioinfo.com/ ampicillin online buy
brand nexium – https://anexamate.com/ buy esomeprazole paypal
order coumadin 2mg without prescription – https://coumamide.com/ cheap cozaar 50mg
order mobic 7.5mg pills – relieve pain buy meloxicam 7.5mg online cheap
prednisone where to buy – https://apreplson.com/ buy deltasone 40mg online cheap
ed pills where to buy – buy ed pills fda buy ed pills cheap
oral amoxil – comba moxi how to buy amoxicillin
buy fluconazole 100mg online – https://gpdifluca.com/ purchase diflucan pills
order lexapro 10mg for sale – https://escitapro.com/# lexapro oral
order cenforce 50mg for sale – https://cenforcers.com/ cenforce 50mg cheap
where to buy cialis in canada – what does cialis do is cialis a controlled substance
order cialis from canada – https://strongtadafl.com/# tadalafil (exilar-sava healthcare) version of cialis] (rx) lowest price
ranitidine 300mg us – https://aranitidine.com/ buy zantac medication
buy cheap viagra with mastercard – click how to order viagra from canada
I couldn’t hold back commenting. Adequately written! este sitio