In line with its bearish market structure, the Ethereum price struggled significantly in the first week of February. The cryptocurrency’s value fell by more than 30% over the week, crashing to as low as $1,850 on Friday, February 6. Amid the Ethereum market downturn, a significant development has emerged — one which could make or mar the world’s second-largest cryptocurrency. Ethereum Breaches Realized Price Across All Investor Cohorts In a recent post on Quicktake, on-chain analyst MorenoDV shared a shocking development within the Ethereum network. The analyst highlighted that the Ethereum price recently slipped below the cost basis of multiple investor groups. The revelation is based on the Realized Price by Balance Cohorts metric, which monitors the average on-chain cost basis of Ethereum holders. The metric groups these investors by wallet size, showing where these cohorts are holding profitably or running at losses. In the chart above, we see the Ethereum price b...
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