Long-Term Ethereum Holders Unwilling To Sell At Current Prices, Says Glassnode

According to Foresight News, a market analysis report released by Glassnode suggests that long-term holders of Ethereum (ETH) seem reluctant to sell in large quantities at the current price. Despite many having substantial profit margins, they are still waiting for better selling positions. In its analysis of the ratio of Ethereum's market value to its realized value (MVRV), Glassnode indicated that short-term holders of ETH, with an average total cost of $3000 within 155 days, could potentially panic in the face of a new market downturn. This suggests that the current market conditions may not be favorable for short-term investors, but long-term holders are showing resilience and patience, waiting for a more opportune time to sell their holdings.