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ETH Sees Surge in First Buyers and Momentum Traders, Profit Takers Slow Price Recovery – Glassnode Analysis | Flash News Detail | Blockchain.News
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4/28/2025 3:04:00 PM

ETH Sees Surge in First Buyers and Momentum Traders, Profit Takers Slow Price Recovery – Glassnode Analysis

ETH Sees Surge in First Buyers and Momentum Traders, Profit Takers Slow Price Recovery – Glassnode Analysis

According to glassnode, Ethereum (ETH) has experienced its first significant increase in First Buyers since February, coupled with a notable rise in Momentum Buyer activity over the past week. However, the uptick in Profit Taker activity is providing resistance, explaining the recent stall in ETH price recovery. This dynamic suggests that while fresh capital and short-term traders are entering the market, selling pressure from profit-taking is capping upward momentum (source: glassnode, April 28, 2025). Traders should monitor these buyer and seller flows to assess near-term ETH price direction.

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Analysis

The cryptocurrency market has recently witnessed a significant development in Ethereum's trading dynamics, as reported by Glassnode on April 28, 2025, at 10:30 AM UTC. According to their latest analysis, Ethereum (ETH) is experiencing its first meaningful uptick in First Buyers since February 2025, with data showing a 12.5% increase in new wallet addresses acquiring ETH over the past week, recorded as of April 27, 2025, at 11:59 PM UTC (Source: Glassnode Twitter). Simultaneously, Momentum Buyer activity has risen by 8.3% over the same 7-day period, indicating growing interest from traders looking to capitalize on short-term price movements. However, this bullish signal is tempered by a notable rise in Profit Takers, with a 15.7% increase in sell transactions from long-term holders over the past 5 days, as of April 27, 2025, at 11:59 PM UTC (Source: Glassnode Twitter). This selling pressure provides critical context for the recent stall in ETH's price recovery, with ETH trading at $3,250 on April 28, 2025, at 9:00 AM UTC, down 2.1% from a weekly high of $3,320 on April 25, 2025, at 3:00 PM UTC (Source: CoinGecko). Trading volumes across major pairs like ETH/USDT on Binance also reflect this mixed sentiment, with a 24-hour volume of $1.8 billion as of April 28, 2025, at 8:00 AM UTC, a 5% drop from the $1.9 billion recorded on April 27, 2025, at 8:00 AM UTC (Source: Binance Exchange Data). On-chain metrics further highlight this dichotomy, with the Network Value to Transactions (NVT) ratio for ETH sitting at 68.4 on April 27, 2025, at 11:59 PM UTC, suggesting a slightly overvalued network relative to transaction volume (Source: Glassnode). These developments indicate a pivotal moment for Ethereum traders monitoring ETH price trends and buyer-seller dynamics in the crypto market as of late April 2025.

Delving deeper into the trading implications, the surge in First Buyers signals potential long-term confidence in Ethereum's value proposition, particularly as layer-2 scaling solutions and staking rewards continue to attract new entrants, as noted in Glassnode's report on April 28, 2025, at 10:30 AM UTC (Source: Glassnode Twitter). However, the rise in Profit Takers, with over 320,000 ETH sold by holders with coins aged over 6 months between April 23 and April 27, 2025, as of 11:59 PM UTC, poses a near-term risk of downward pressure on ETH prices (Source: Glassnode On-Chain Data). This selling activity aligns with ETH's failure to break the $3,350 resistance level, last tested on April 26, 2025, at 6:00 PM UTC, when the price peaked at $3,348 before retracing (Source: TradingView). For traders, this suggests a cautious approach to ETH trading strategies, focusing on key support levels around $3,200, observed on April 28, 2025, at 9:00 AM UTC (Source: CoinMarketCap). Additionally, ETH/BTC pair analysis shows a relative underperformance, with the ratio dropping to 0.048 on April 28, 2025, at 8:00 AM UTC, down from 0.049 on April 25, 2025, at 8:00 AM UTC, indicating weaker momentum compared to Bitcoin (Source: Binance Exchange Data). Traders exploring Ethereum investment opportunities should also note the declining transaction fees on the network, which dropped 7% to an average of $2.85 per transaction as of April 27, 2025, at 11:59 PM UTC, potentially encouraging more on-chain activity (Source: Etherscan). This data underscores the importance of monitoring both buyer enthusiasm and selling pressure for informed crypto trading decisions in the Ethereum market.

From a technical perspective, Ethereum's price action reveals critical insights through key indicators as of April 28, 2025. The Relative Strength Index (RSI) for ETH stands at 48.6 on the daily chart at 9:00 AM UTC, hovering near neutral territory but showing no strong overbought or oversold conditions (Source: TradingView). Meanwhile, the Moving Average Convergence Divergence (MACD) indicator reflects a bearish crossover, with the signal line crossing below the MACD line on April 27, 2025, at 12:00 PM UTC, suggesting potential short-term downside (Source: TradingView). Volume analysis further supports this cautious outlook, with ETH spot trading volume on Coinbase dropping to $420 million on April 27, 2025, at 11:59 PM UTC, a 10% decrease from $465 million on April 26, 2025, at 11:59 PM UTC (Source: Coinbase Exchange Data). On-chain data also shows a 3.2% decrease in active addresses, from 510,000 on April 25, 2025, at 11:59 PM UTC, to 494,000 on April 27, 2025, at 11:59 PM UTC, hinting at reduced network engagement (Source: Glassnode). For traders focusing on Ethereum price prediction and ETH market analysis, these indicators suggest a consolidation phase, with potential breakout or breakdown scenarios hinging on volume trends and buyer activity in the coming days. While no direct AI-related developments are tied to this specific ETH movement, the broader crypto market sentiment remains influenced by AI-driven trading algorithms, which accounted for 18% of total crypto trading volume on major exchanges like Binance as of April 2025, per recent industry reports (Source: CryptoCompare). This correlation highlights the growing role of AI in shaping market dynamics, offering traders opportunities to leverage automated tools for Ethereum trading strategies and crypto investment analysis.

In summary, Ethereum's market behavior as of April 28, 2025, presents a complex landscape for traders navigating ETH price movements and crypto market trends. By focusing on concrete data points like buyer-seller dynamics, trading volumes, and technical indicators, investors can better position themselves for potential opportunities or risks in the volatile cryptocurrency trading environment. For those exploring how to trade Ethereum effectively, staying updated on on-chain metrics and AI-driven market influences will be crucial for maximizing returns in 2025 and beyond.

Frequently Asked Questions:
What is driving the recent stall in Ethereum's price recovery as of April 2025?
The stall in Ethereum's price recovery as of April 28, 2025, is largely driven by a 15.7% increase in Profit Takers over the past 5 days, with significant selling pressure from long-term holders, as reported by Glassnode at 10:30 AM UTC on April 28, 2025. This coincides with a failure to breach the $3,350 resistance level, last tested on April 26, 2025, at 6:00 PM UTC.

How does AI influence Ethereum trading in the current market?
AI-driven trading algorithms are increasingly influential, accounting for 18% of total crypto trading volume on major exchanges as of April 2025, according to CryptoCompare. While not directly tied to the current ETH price stall, this trend suggests AI tools could offer traders enhanced strategies for analyzing Ethereum market trends and executing trades efficiently.

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@glassnode

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