Ethereum Ready For Price Rally As STH Numbers Set To Cross 4 Million — Here’s Why

Quick Summary:

Ethereum SMA 365 Presents Another Barrier Alongside developments in the short-term holders cohort, Burak Kesmeci notes that Ethereum remains far below its 365-day simple moving average (SMA 365), suggesting that market bulls are yet to take full control of the market.

Meanwhile, the number of Ethereum long-term holders has now reached 104.24 million, indicating a strong market confidence in the asset’s price appreciation prospects.

Ethereum Retail Investor Inflows Support Bullish Case In an X post on May 2, Burak Kesmeci postulates that Ethereum may be entering a prolonged price uptrend based on the short-term holders’ activity.

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Article Details

Author / Journalist: Semilore Faleti

Category: Crypto

Markets: United Kingdom

Topics: Ethereum Ethereum short-term holders Ethusd Burak Kesmeci ETHUSDT Ethereum SMA 365 Ethereum Long-Term Holders

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-04 @ 01:00:10 (13 hours ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 412 words

Reading Time: 3 minutes read

Sentences: 71 lines

Sentence Length: 6 words per sentence (average)

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

Copyright Owner: © NewsBTC

News ID: 28344822

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