According to CryptoQuant, retail investors are holding firm amid Ethereum’s recent price surge, signaling continued confidence in its growth potential.
🟠ETH price surge fueled by easing risks and the 'Trump Trade' (pro-market election sentiment)
🟠Retail investors perceive ETH as undervalued, holding positions rather than taking profits
🟠Low inflows to exchange deposit addresses (e.g., Binance, OKX) indicate minimal liquidation activity
🟠SOPR (an on-chain metric used to measure the profitability of cryptocurrency transactions) close to 1 (<1.10) suggests transactions are near breakeven, not profit-taking
🟠Strong "buy and hold" sentiment aligns with expectations of further price increases, possibly reaching $4,000 if ETH sustains above $2,800