Analysts Expect a New Ethereum ATH, Despite $ETH Dropping 6% in 24H From Its $3,800 Price Point

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$ETH dropped 6% in the last 24 hours after touching on its target of $3.800, but crypto analysts still predict a new ATH soon. According to a Glassnode report , $ETH owes its 6% contraction to long-term holders withdrawing their gains mid-rally. As the report states: ‘Glassnode’s Net Unrealized Profit/Loss (NUPL) metric shows that Ethereum investor sentiment recovered from capitulation to belief, signaling a dramatic shift in market psychology. Ethereum’s liquid supply rose by 8% while illiquid ...