Ethereum Price’s Rise To $5,000 Could Be Blocked By These Holders Selling

Core Insights - Ethereum (ETH) has shown a steady recovery, trading near multi-month highs, but may face resistance in reclaiming the $5,000 mark due to weak investor accumulation [1][8] Accumulation Metrics - The Holder Accumulation Ratio for Ethereum is currently at 30%, significantly below the 50% threshold that indicates strong accumulation behavior [2] - Historically, the accumulation ratio has risen between 40% and 45% during periods of price increases, suggesting that the recent uptick indicates gradually improving sentiment [2] Long-term Holder Activity - Ethereum's "Age Consumed" metric has spiked twice this month, indicating increased activity among long-term holders, which may signal weakening confidence as dormant coins begin to move [4] - Consistent selling from long-term holders typically precedes short-term price corrections, introducing new supply into the market [5] Price Resistance and Potential - Ethereum is currently priced at $4,147, just below the key resistance level of $4,222; breaching this level could lead to a climb toward $4,500 [6] - If accumulation strengthens, Ethereum could advance toward $4,956, its previous all-time high, potentially reaching $5,000, signaling market recovery [7] Bearish Sentiment Risks - If bearish sentiment grows or long-term holders continue to sell, Ethereum could drop below $4,000, with a deeper correction potentially pulling the price down to $3,872 or lower [8]