Crypto

ETH Falls 6% in 24 Hours After Hitting $3,800; Experts Predict Another All-Time High

Ethereum’s Recent Market Dynamics and Future Prospects

In the ever-evolving realm of cryptocurrency, Ethereum ($ETH) has recently experienced notable market fluctuations. Despite a 6% dip in the past 24 hours after nearly reaching the $3,800 mark, experts remain optimistic about the possibility of Ethereum achieving a new all-time high (ATH) in the near future.

Understanding Ethereum’s Recent Market Movement

According to an insightful report from Glassnode, this recent downturn can be attributed to long-term holders opting to realize profits during the mid-rally phase. The Net Unrealized Profit/Loss (NUPL) metric from Glassnode indicates that investor sentiment for Ethereum has transitioned from capitulation to belief, highlighting a significant change in market psychology.

Advertisement Banner

Moreover, Glassnode’s analysis reveals an 8% increase in Ethereum’s liquid supply, while the illiquid supply saw a 6% decrease in the second quarter. This suggests that long-term investors are strategically capitalizing on gains during the rally. Although Ethereum is currently trading close to its March 2024 highs, today’s unrealized profits are significantly lower compared to previous periods. For Ethereum to match the 2024 Net Unrealized Profit (NUP) figures in 2025, it would need to surge to $4,900, potentially crossing the formidable $5,000 psychological barrier.

Persistent Bullish Sentiment for Ethereum

Investor sentiment towards Ethereum remains strongly bullish. Data from Coinalyze shows a long/short ratio of 72.52% to 27.48%, underscoring the widespread confidence in Ethereum’s potential. This optimism is further fueled by $ETH ETF inflows, which have reached a staggering $5.38 billion over just 19 days, from July 3 to July 22, averaging $282.9 million daily. Notably, BlackRock’s ETHA spearheaded this rally, contributing 78% of the total inflows, equivalent to $4.19 billion, pushing cumulative net inflows to $9.7 billion since July 2024.

Currently trading at $3,505, Ethereum is once again targeting the $3,800 resistance level following a market correction. Overcoming this hurdle would leave only the $4,000 psychological threshold in the path of a $5,000 ATH rally, which could have a profound impact on the broader crypto market. Projects like SUBBD Token stand to gain significant attention in such a scenario.

Revolutionizing Content Creation with SUBBD Token

SUBBD Token ($SUBBD) is set to revolutionize the content creation industry by leveraging cutting-edge artificial intelligence (AI) technology. This innovative token aims to bridge the gap between creators and fans, offering tools that streamline the creative process. The AI Personal Assistant simplifies post-production tasks, enabling creators to focus on producing higher-quality content.

Additionally, the AI Creator empowers both creators and users to unleash their creativity. With the AI Creator, individuals can now create, promote, and monetize their digital influencers, limited only by their imagination. SUBBD Token stands out as a transformative project catering to a niche in need of enhancement. Its use of native AI tools in content creation positions $SUBBD for substantial post-launch potential.

Currently in presale, SUBBD Token has already attracted over 2,000 top industry earners, boasting a combined following of more than 250 million. Interested investors can join the project by purchasing $SUBBD at the presale price of $0.056075 directly from the presale page.

Ethereum’s Potential to Surpass $5,000

While predicting Ethereum’s precise trajectory remains challenging amid the crypto market’s inherent volatility, key indicators suggest an impending bull run. Factors such as heightened investor interest, the low 2025 NUP, and record-breaking ETH ETF inflows all point towards an imminent rally.

Although the exact timing and extent of this rally remain uncertain, it’s clear that the market, including promising presale projects like SUBBD Token ($SUBBD), is poised for growth. As always, investors are encouraged to conduct their own research (DYOR) and make informed investment decisions.

Ensuring High-Quality Editorial Standards

At Bitcoinist, our editorial process revolves around delivering meticulously researched, accurate, and unbiased content. We adhere to stringent sourcing standards, and each article undergoes careful review by a team of top technology experts and seasoned editors. This rigorous process ensures that our content remains valuable, relevant, and trustworthy for our readers.

Emma Horvath

After graduating Communication and Media Studies MA in Eötvös Loránd University, Emma started to realize that her childhood dream as a creative news reporter committed to find dynamic journalism stories. I'm a passionate journalist with a keen interest in the fast-evolving world of cryptocurrencies. I've been reporting on the latest developments in the crypto industry for several years now, covering breaking news and providing insights on how the market is trending. I'm adept at analyzing daily market movements, researching ICOs, and keeping track of the latest innovations in blockchain technology. My expertise in the space makes her a trusted voice in the crypto community. Whether it's the latest Bitcoin price movements or the launch of a new DeFi platform, I am always at the forefront, bringing her readers the most up-to-date and informative news.

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button