According to Foresight News and Glassnode data, the ETH price broke through its realized price of 1900 USD in May, indicating that most holders are back in profit. Currently, ETH has surpassed the true market mean of 2400 USD, which is a bullish signal; however, to further strengthen market confidence, it still needs to effectively break through the active realized price of 2900 USD.
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Glassnode: ETH has shown bullish signals, but $2900 remains a key resistance.
According to Foresight News and Glassnode data, the ETH price broke through its realized price of 1900 USD in May, indicating that most holders are back in profit. Currently, ETH has surpassed the true market mean of 2400 USD, which is a bullish signal; however, to further strengthen market confidence, it still needs to effectively break through the active realized price of 2900 USD.