Ethereum Breaks Below "Price Discovery," Revisits Historical Price Action, or Enters Accumulation Range for Long-Term Investors

BlockBeats News, April 8th, Cryptoquant analyst theKriptolik released an analysis pointing out that Ethereum has fallen below its around $2300 "Realized Price." "Realized Price" is the price at which each Ethereum was last transferred on the blockchain, serving as one of the indicators for recalculating the cryptocurrency market value. The average of all transaction prices is defined as the realized price. Compared to the current market price, it can more accurately reflect investors' average holding cost, and this indicator usually forms key support or resistance levels.

When ETH falls below the realized price, it means that the majority of holders are at an unrealized loss. During periods of market panic (such as the current one), this easily triggers "panic selling." If a large-scale sell-off occurs, it signals the start of a "surrender phase," where investor confidence experiences a collective collapse. Historical data shows that breaking below the realized price typically occurs at the end of a significant downward trend. On-chain data indicates that when the ETH price falls below the realized price, there is an 80% probability of being in a long-term bottom area, with an average rebound of 217% in the following 6 months. Breaking below the realized price has also been historically proven to be an accumulation zone for long-term investors. In the short term, Ethereum falling below the realized price reflects market panic, but from a historical cycle perspective, the current price level may be forming a rare golden opportunity.