Ethereum


ETHUSD
Currently trading at $2,068, directly pressing the Fibonacci 0.236 level at $2,055. This token is being pulled in two directions — long-term holders are taking profits from their high average purchase prices, while whale addresses are absorbing the supply to prevent a structural breakdown.

The $2,000 level acts as the boundary between these two forces. Which group wins will determine the next significant movement.

Long-Term ETH Holders Are Selling

The Glassnode HODL Waves chart monitoring holder groups with a holding period of 3 to 5 years spans from December 26, 2025, to March 26, 2026. This group remains stable at around 14.2% to 14.4% of the total ETH supply from late December to January 20 before gradually declining.

This decline becomes sharper on the right side of the chart. Between March 21 and March 26, the 3 to 5-year group decreased from about 13.6% to 12.8% of the total supply — a drop of nearly 0.8% in less than a week. This is the second-largest distribution for this group in the 2026 data, only surpassed by the decline recorded at the end of January.
ETH2,57%
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