2 weeks ago
14
Key takeaways:
- ETH at $2,312 – below dotted support, lower high pattern confirmed.
- RSI at 30 – oversold, signal line at 42.99, significant gap.
- Binance inflow: 372,534 ETH – 35% above 7-day average of 277,709.
- Global SOPR at 1.0157 – coins moving to exchanges in profit.
- Whale cohort 10k-100k ETH MVRV: -0.002139 – underwater, not selling.
- Mega-whale realized price: $2,090.30 – structural support.
- Long-term investor realized price: $2,429.30 – resistance the rally just failed at.
- Exchange netflow: -12.6K – mild outflow, ETH leaving exchanges.
The selling hitting ETH at $2,312 is not conviction selling. It is breakeven selling, holders who have been underwater for weeks, finally at a price where they can exit without crystallizing a loss, choosing to do so. That distinction matters because breakeven selling is finite. Conviction sellin...
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