$ETH Drops 6% in 24H After Reaching $3,800 With Experts Expecting Another ATH
$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 supply fell by 6% in Q2, suggesting that long-term holders were selectively realizing gains into the rally.’
Moreover, Glassnode points out that, despite trading close to its March 2024 highs, $ETH’s unrealized profits are far lower today by comparison.
This means that a 2025 Net Unrealized Profit (NUP) to match the 2024 numbers would push $ETH to $4,900, forcing the asset through the $5,000 psychological threshold.
Ethereum is Still Bullish
The investor sentiment is still bullish for Ethereum, according to Coinalyze, with the long/short ratio sitting at 72.52%-27.48%.
These numbers showcase the overwhelming investor support and trust in the context of $ETH ETF inflows climbing to $5.38B in 19 days, between July 3 and July 22, at an average of $282.9M per day.
BlackRock’s ETHA led the rally with 78% of the total, or $4.19B, bringing the cumulative net inflows to $9.7B since July 2024.
Long-term, these numbers translate into upwards chart movement, despite temporary seatbacks like the most recent one.
Currently trading at $3,505, $ETH is once again eyeing the $3,800 resistance point after the market corrects itself. With that cleared, the $4,000 psychological threshold will be the only one holding Ethereum from a $5,000 ATH rally.
Such a performance would cause immediate ripples in the crypto market, bringing projects like SUBBD Token straight onto the main stage.
How SUBBD Token Redesigns the Content Creation Sphere
SUBBD Token ($SUBBD) aims to transform the content creation industry by empowering and bringing creators and fans closer together than ever with the power of AI.
The AI Personal Assistant has the role to manage the post-production process, cutting down some of the workflow and allowing the creator more time to produce more and higher-quality content.
This will strengthen the relationship between creators and fans, which will ultimately reflect in the raw income numbers.
The AI Creator is another sophisticated AI tool that both creators and normal users can utilize to enhance their creativity. With the help of the AI Creator, anyone can now give birth to, advertise, and monetize their own digital influencer, with only their imagination as limitation.
These tools describe SUBBD Token as a transformative project that fills a niche in dire need of upgrading. In other words, SUBBD Token is the only project today that uses native AI tools to assist in the content creation process.
This fact alone imbues $SUBBD with a lot of post-launch potential, especially given the project’s current status and direction:
Despite being still in presale, SUBBD Token has already onboarded the top 2,000+ of the industry’s top earners, with a combined following of 250M+.
If you want to FOMO-join the project, you can purchase $SUBBD at the presale price of $0.056075 straight from the presale page.
Could $ETH Push Past $5,000?
It’s very difficult to predict $ETH’s movement, given the chaotic state of the crypto market, but the most relevant markers point at a coming bull run.
The increased investor interest, the low 2025 NUP, and the record-breaking ETH ETF inflows, all point at the same outcome: an imminent rally.
There’s no telling when it will start or where it’ll stop, but one thing is for certain: the market will rally with it, including presale projects like SUBBD Token ($SUBBD) with clear-cut utility and long-term potential.
Remember, this isn’t financial advice. Do your own research (DYOR) and invest wisely.
Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
