Ethereum’s Price Below Realized Value: Are We Seeing Early Accumulation?

Ethereum’s price action currently displays a familiar pattern reminiscent of past market lows, yet recovery signs remain unclear despite positive on-chain data. Resistance levels continue to hinder momentum, leaving analysts divided on whether we’re witnessing a potential bottom or simply a short consolidation period. 2023 has seen Ethereum trade below its realized price for the first time in years. This rare situation sparks debate among market experts, with some suggesting it signals early accumulation similar to March 2020.