Ethereum’s recovery to $3,000 is challenged by new coin holders

Ethereum has had a tough time recovering from its recent decline, trying to regain momentum after falling below key levels. While ETH has strong support from long-term holders, recovery will require new investments.

Right now, the influx of new capital seems limited, creating uncertainty about what’s next for Ethereum.

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Ethereum holders have mixed feelings

The HODLer Net Position Change indicator is continuously pointing higher, indicating growing confidence among long-term holders. This indicator measures The ETH movement In LTH portfolios, the current rise from negative territory indicates that flows are slowing. Historically, such a change often precedes a new accumulation.

When long-term holders reduce selling, the market gains stability. His belief in the recovery of Ethereum strengthens the foundation of the asset even in volatile conditions.

If this trend continues, long-term holders may soon be able to keep accumulating, providing significant support for ETH’s next upward push.

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Despite improving sentiment from long-term holders, overall market momentum remains mixed. The number of new Ethereum addresses is moving sideways, which indicates a weak interest from new potential investors.

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This recession is worrisome because new demand is a critical component of a continued price recovery.

Without an increase in new market participants, the flows may not be strong enough To push ETH towards Brand $3,000. Even with strong support from existing holders, a lack of external capital could delay or weaken any significant recovery.

The ETH price needs to recover

Ethereum is trading at $2,814, sitting directly below a key resistance level. At this distance, ETH is only 6.6% of regaining $3,000, a significant psychological barrier for long-term traders and investors.

To access Ethereum This limitThe support of new investors is essential. If new demand remains weak, ETH may rally below $3,000 as existing capital alone may not be enough to drive an extended rally. The altcoin king needs wider participation to sustain an advance.

If flows improve and new investors commit again, Ethereum could grow at $3,000 and try to turn the level into support. Restoring this area could open the way to $3,131 or higher. This will invalidate negative expectations and restore positive momentum.