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Ethereum Holds Above $1,900 Realized Price Signaling Long-Term Bullish Confidence

  • Ethereum prices surged by 37.14% in the past week to hit a local peak of $2,600, mainly attributed to the recent Petra network upgrade.
  • Ethereum's realized price hovers above $1,900, indicating a bullish market sentiment, as long-term holders are now in profits.
  • Most recent ETH outflows are moving from Binance exchange, showcasing increased trader confidence and market activity.
  • Binance maintains the lead in ETH liquidity, with significant market activity on the exchange during price appreciation.

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