The post Realized Cap Up, Supply Low, Golden Cross appeared on BitcoinEthereumNews.com.

Ethereum (ETH) shows renewed strength: Realized Cap up $3.8B post-Pectra upgrade. ETH supply on exchanges hits historic low (<4.9%); Abraxas Capital buys 350K+ ETH. Ethereum Golden Cross forms; analyst Crypto Patel eyes rally to $3.8K-$5K targets. Ethereum is showing renewed strength as both technical and on-chain indicators align for a potential breakout. One big reason for this optimism is the jump in Ethereum’s Realized Cap since the Pectra upgrade went live earlier this month; this key metric surged by $3.8 billion.  Data from Glassnode (also highlighted on their X account) shows the Realized Cap rose from $240.8 billion on May 7 to $244.6 billion by May 19, a notable 1.6% increase. Importantly, this rise also breaks a three-month downtrend that began in February. Such a shift in market momentum often indicates fresh capital is flowing back into Ethereum, which reinforces its long-term value picture. Since the #Pectra upgrade, #ETH’s Realized Cap – representing the total capital stored in the asset – has surged from $240.8B (May 7) to $244.6B (May 19).That’s a +$3.8B (+1.6%) rise, reversing a 3-month downtrend since early February. pic.twitter.com/5qlbLGyIJ8 — glassnode (@glassnode) May 20, 2025 ETH Supply on Exchanges Plunges to Historic Low, Santiment Reports A critical on-chain development is Ethereum’s declining exchange supply. According to analytics firm Santiment, less than 4.9% of the total ETH supply is currently on centralized exchanges. This is the lowest in Ethereum’s ten-year history and signals increased investor confidence in holding rather than selling.  Similarly, Bitcoin’s exchange supply has fallen to 7.1%, the lowest since November 2018. Over the past five years, 1.7 million BTC and 15.3 million ETH have left exchanges, suggesting a macro trend toward self-custody and long-term holding. Abraxas Capital Ramps Up ETH Buying, Adds 46K ETH Worth $115 Million Moreover, Lookonchain data reveals that Abraxas Capital…

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Filed under: News - @ May 21, 2025 12:22 am