Glassnode: ETH Committed Buyers Have Remained Active Since Late March, While Activity of Loss-Making Sellers Has Now Slowed

Glassnode posted an analysis on the X platform stating that the ETH supply graph shows a situation different from BTC. Although a significant increase in committed buyers (First Buyers) and momentum traders (Momentum Buyers) has not yet been observed, since late March, committed holders have remained active (with their Relative Strength Index RSI maintaining a high level of 80). On the other hand, the activity of loss-making sellers peaked on April 16 and is now showing a noticeable slowdown (RSI<50).