Ethereum (ETH) has been on a remarkable run, hitting its yearly high and leaving investors and analysts speculating whether a $3,000 price tag is within reach.
Many factors, including the recent breakout of staked Ethereum’s realized price over $2,000, the intensifying deflationary phenomenon, and the narrowing premium gap in Grayscale Ethereum Trust, have driven this price surge.
Staked ETH Breaks $2,000 Average Unit Price
According to the Head of Research at CryptoQuant, the average unit price of ETH staked on the Ethereum network recently broke through the $2,000 mark. He noted:
“The average unit price for investors who want to hold ETH for the long term broke through $2k a few days ago and most of the long-term investors have turned to profit, which is likely to act as a key support.”
This breakout indicates that most long-term investors have now turned a profit, potentially providing a solid base for further growth.
ETH’s Price Rises Amid BlackRock ETF and Increased Institution
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Author: Ryan James
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