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Ethereum’s native token, Ether (ETH), dropped to a year-to-date low of $1,927 on Thursday, and is currently down more than 60% from its all-time high of $4,950.
Analysts said the decline is stress-testing holders’ conviction, and onchain and crypto exchange inflow data point to the start of a bear market. Despite the selling intensity, one group of Ether holders has been buying, but whether this will help ETH reclaim $2,000 is to be determined.
Key takeaways:
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Mid-sized holders (100–10,000 ETH)…
