news 
Ethereum: Why this could be the right time to buy ETH
Despite a prolonged bearish cycle, investors may have just witnessed the crucial turning point that could be a harbinger of the next leg up. As per an analysis by AMBCrypto, Ethereum’s capitulation metrics and whale moves hint at a key accumulation opportunity.
Ethereum’s long-term holders have officially entered “capitulation” territory, with the LTH-NUPL metric dipping into the red for the first time in months. This shift reflects growing losses among seasoned holders and often signals the final phase of a bearish cycle. At press time, Ethereum was trading at $1,591.63, showcasing a 7.32% increase in the last 24 hours.
The cryptocurrency’s price action remains confined to a steep descending channel, characterized by consistently lower highs and lows since November 2024. The rebound from the $1,460 support zone has now brought the price near the critical resistance at $1,815, where bears could potentially reassert control. However, if bulls manage to reclaim this level, it could shift the market structure to bullish, paving the way for a challenge of the upper channel resistance.
On-chain activity, however, tells a different story. Daily active addresses surged to 573,000 and transaction count reached 1.42 million on April 9th, representing a significant spike in user engagement. This increased participation – despite price weakness – suggests growing interest in Ethereum’s ecosystem at discounted prices. Furthermore, the MVRV Long/Short Difference has plummeted to -22.26%, often associated with maximum pain and ideal accumulation during historical bottoms.
Whale behavior has also intensified, as over 530,000 ETH was moved across major wallets in just one week, typically indicating strategic accumulation or rebalancing. Notably, a dormant Ethereum OG acquired ETH worth $16.86 million at the current price level of around $1,576. This whale has consistently sold only during periods of significant market corrections and avoided sales when ETH surpassed $4,000, which may indicate strategic exits or attempts to provoke retail panic, ultimately setting the stage for a potential market recovery.
In light of these signals, it appears that Ethereum is trading in a high-probability reversal zone. Consequently, smart investors might view this as one of the best risk-reward entry points before the next bullish leg unfolds.
Source: https://ambcrypto.com/ethereum-why-this-could-be-the-right-time-to-buy-eth/
