A new report from Glassnode has revealed a historically significant Ethereum level that could mark the start of an overheated phase if breached.
Ethereum Is Moving Towards Active Realized Price
In its latest weekly report, the on-chain analytics firm Glassnode has talked about some valuation models for Ethereum. The models in question are the Realized Price, True Market Mean, and Active Realized Price.
The first of these, the Realized Price, refers to the average cost basis or acquisition price of all tokens of the cryptocurrency that are currently part of the circulating supply.
The other two models, the True Market Mean and Active Realized Price, also aim to find the network cost basis, but both of these exclude for the long-dormant coins. Such tokens are likely to be lost due to missing wallets keys, so they aren’t part of the economic supply. Thus, these models may provide for a more accurate measure of the market situation than the Realized Price.
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