Ethereum falls below the 'realization price', backtesting history or entering the long-term investor strategic accumulation range

According to BlockBeats, on April 8th, Cryptoquant analyst theKriptolik released an analysis stating that Ethereum has fallen below its "realized price" of around $2300. The "realized price" is the price at which each Ethereum is transferred through the blockchain for the last time and is one of the indicators for recalculating the market value of cryptocurrencies. The average of all transaction prices is the realized price. Compared to the current market price, it can more accurately reflect the average holding cost of investors, which usually forms a key support or resistance level. When ETH falls below the realization price, it means that most holders are in a floating loss state. During times of market panic (such as the present), it is highly likely to trigger a 'meat cutting' sell-off. If a large-scale sell-off occurs, it marks the beginning of the "surrender phase" and a collective collapse of investor confidence. Historical data shows that falling below the realized price usually occurs at the end of a major downtrend. On chain data shows that there is an 80% probability that ETH prices will fall below the realization price in the long-term bottom area, with an average rebound of 217% in the following 6 months. At the same time, falling below the realization price has also been historically proven to be a strategic accumulation range for long-term investors. In the short term, Ethereum's drop below the realization price reflects market panic, but from a historical cycle perspective, the current price may be building a rare golden pit.