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Ethereum Holds Above $1,900 Realized Price Signaling Long-Term Bullish Confidence

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Ethereum Holds Above $1,900 Realized Price Signaling Long-Term Bullish Confidence - NewsBTC

Quick Summary:

The reverse scenario is true for a bullish market.  In the analysis provided by CryptoQuant expert Crazzyblockk, ETH is trading above its realized price at $1900 based on the market activity for accumulating addresses, i.e., long-term holders and frequent depositors on the Binance exchange.

The majority of this gain has been attributed to the recent Petra network upgrade of the Ethereum blockchain, which is designed to introduce many features, including boosting the ETH burn rate and market scarcity.  Amidst Ethereum’s rally in the past week, the altcoin recorded a significant development that signals a long-term bullish market.

When Binance ETH deposit addresses show profitability with the current ETH price above the realized price, it indicates a general increase in traders’ confidence and stronger market activity.

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Article Details

Author / Journalist: Semilore Faleti

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-11 @ 09:00:06 (1 days ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 437 words

Reading Time: 3 minutes read

Sentences: 66 lines

Sentence Length: 7 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © NewsBTC

News ID: 28558660

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Main Topics: Crypto

Official Website: newsbtc.com

Update Frequency: 2 posts per day

Year Established: 2013

Headquarters: United Kingdom

News Last Updated: 20 hours ago

Coverage Areas: United Kingdom

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #102

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