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Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident

Ethereum Ready For Price Rally As STH Numbers Set To Cross 4 Million — Here’s Why

Semilore Faleti
Semilore Faleti
1 month ago
2 mins read
Pexels

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Alongside the general crypto market, Ethereum (ETH) registered a significant market recovery at the end of April to return above $1,800. After an extensive price correction that began in December 2024, the prominent altcoin may have finally found some bullish momentum to turn around investors’ fortunes. Interestingly, prominent crypto analyst Burak Kesmeci has shed some positive light on this development.

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1 month ago

Ethereum Retail Investor Inflows Support Bullish Case

In an X post on May 2, Burak Kesmeci postulates that Ethereum may be entering a prolonged price uptrend based on the short-term holders’ activity. According to the seasoned analyst, the number of ETH short-term holders or traders is headed for a particular threshold that historically signifies a long-term price rally.

In the ETH market, short-term holders refer to wallets or addresses that have recently acquired ETH, usually less than 155 days. These investors are usually sensitive to market trends and price volatility, often driven by speculation and quick profit-taking rather than long-term conviction.

Ethereum
Source: @burak_kesmeci on X

Typically, a rising number of short-term investors indicates renewed market interest due to new market entrants. However, Kesmeci states that ETH short-term holders, presently at 3.92 million, must cross above 4 million to suggest the ETH market possesses sufficient bullish strength for a robust uptrend.

Notably, Ethereum produced strong price rallies when STH numbers previously rose above 4 million, as seen in 2022 and 2024. Kesmeci states that as long as ETH short-term holders remain below this threshold, it may reflect insufficient market demand to sustain Ethereum’s current rally.

Meanwhile, the number of Ethereum long-term holders has now reached 104.24 million, indicating a strong market confidence in the asset’s price appreciation prospects. A rise in LTH generally occurs due to coin maturation as short-term holders opt against selling for over 155 days.

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1 month ago

Ethereum SMA 365 Presents Another Barrier

Alongside developments in the short-term holders cohort, Burak Kesmeci notes that Ethereum remains far below its 365-day simple moving average (SMA 365), suggesting that market bulls are yet to take full control of the market.

As the name implies, the SMA 365 measures the average closing price over the last 365 days. It is used to indicate price trends and often acts as a resistance in bearish markets or support in bullish markets. Despite recent market gains, ETH must move above its SMA 365 at $2,849 to confirm any intent of a strong uptrend.

At press time, Ethereum trades at $1,835, reflecting a price decline of 0.80% in the past day. Meanwhile, the asset’s trading volume is down by 15.01%.

Ethereum
ETH trading at $1,834 on the daily chart | Source: ETHUSDT chart on Tradingview.com
Featured image from Pexels, chart from Tradingview
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Semilore Faleti
Semilore Faleti

Semilore Faleti

Semilore Faleti is a cryptocurrency writer specialized in the field of journalism and content creation. While he started out writing on several subjects, Semilore soon found a knack for cracking down on the complexities and intricacies in the intriguing world of blockchains and cryptocurrency.

Read more

Semilore is drawn to the efficiency of digital assets in terms of storing, and transferring value. He is a staunch advocate for the adoption of cryptocurrency as he believes it can improve the digitalization and transparency of the existing financial systems.

In two years of active crypto writing, Semilore has covered multiple aspects of the digital asset space including blockchains, decentralized finance (DeFi), staking, non-fungible tokens (NFT), regulations and network upgrades among others.

In his early years, Semilore honed his skills as a content writer, curating educational articles that catered to a wide audience. His pieces were particularly valuable for individuals new to the crypto space, offering insightful explanations that demystified the world of digital currencies.

Semilore also curated pieces for veteran crypto users ensuring they were up to date with the latest blockchains, decentralized applications and network updates. This foundation in educational writing has continued to inform his work, ensuring that his current work remains accessible, accurate and informative.

Currently at NewsBTC, Semilore is dedicated to reporting the latest news on cryptocurrency price action, on-chain developments and whale activity. He also covers the latest token analysis and price predictions by top market experts thus providing readers with potentially insightful and actionable information.

Through his meticulous research and engaging writing style, Semilore strives to establish himself as a trusted source in the crypto journalism field to inform and educate his audience on the latest trends and developments in the rapidly evolving world of digital assets.

Outside his work, Semilore possesses other passions like all individuals. He is a big music fan with an interest in almost every genre. He can be described as a “music nomad” always ready to listen to new artists and explore new trends.

Semilore Faleti is also a strong advocate for social justice, preaching fairness, inclusivity, and equity. He actively promotes the engagement of issues centred around systemic inequalities and all forms of discrimination.

He also promotes political participation by all persons at all levels. He believes active contribution to governmental systems and policies is the fastest and most effective way to bring about permanent positive change in any society.

In conclusion, Semilore Faleti exemplifies the convergence of expertise, passion, and advocacy in the world of crypto journalism. He is a rare individual whose work in documenting the evolution of cryptocurrency will remain relevant for years to come.

His dedication to demystifying digital assets and advocating for their adoption, combined with his commitment to social justice and political engagement, positions him as a dynamic and influential voice in the industry.

Whether through his meticulous reporting at NewsBTC or his fervent promotion of fairness and equity, Semilore continues to inform, educate, and inspire his audience, striving for a more transparent and inclusive financial future.

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Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

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Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

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