Ethereum Ready For Price Rally As STH Numbers Set To Cross 4 Million — Here’s Why
Ethereum (ETH) recovered to above $1,800 at the end of April after a price correction that began in December 2024. Analyst Burak Kesmeci suggests that ETH may be entering a prolonged uptrend due to activity among short-term holders. Currently, there are 3.92 million short-term holders, with a critical threshold of 4 million needed to indicate sufficient bullish strength for a robust price rally. Historical data shows strong price increases when short-term holders exceeded this threshold in 2022 and 2024. The number of long-term holders has reached 104.24 million, reflecting confidence in ETH's price appreciation. However, ETH remains below its 365-day simple moving average (SMA 365) of $2,849, indicating that market bulls have not fully taken control. As of now, ETH trades at $1,835, down 0.80% in the past day, with trading volume decreasing by 15.01%.
