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Glassnode Glassnode @glassnode · 44K subscribers
Post #41 824
Ethereum's Net Unrealized Profit/Loss metric is seeking to move into the "Optimism" zone for the third time in the past 2 years.

If the break is sustained and quickly bridged into the "Belief" zone, this could signal an extended period of ETH price appreciation and the confirmation of a new bull market.

Live chart | @glassnode
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