ETH price just concluded the last week of April with sideways motion indicating a stalemate between the bulls and bears.
This outcome suggests it has been experiencing a demand cool down after its previous recovery. But the bears were also on the sidelines.
The sideways movement in ETH price action may be translated as a sign of weak demand in the short term. However, recent market data revealed key insights about its potential price action in the mid to long term.
Data from IntoTheBlock revealed that 72% of the ETH in circulation was acquired in the last 12 months. This suggests that most buyers have been providing liquidity to long term holders that offloaded in the last 5 months.
Source: X
The data also revealed that 99% of the buyers that purchased ETH in the last 12 months were at a loss.
An outcome that dampened sentiment around ETH and could be one of the reasons behind waning institutional interest in Q1 2025.
Will Institutional Resurgence Support ETH Price Rec
We współpracy z: https://www.thecoinrepublic.com/2025/04/30/eth-price-narrative-may-change-soon-data-shows/
