Ethereum price and short holders are currently showing simultaneous bearish activity. While the price downtrend continues, the activity of short-term ETH holders will likely indicate that the group is simply sales mode.
Negative supply flow from Ethereum short-term holders
With Ethereum price losing upward momentum, on-chain data is now flashing warning signals that need to be paid close attention in volatile market conditions. These cautious signals are coming from the short-term perspective. ETH holdersOverall, we are seeing bearish activity.
On-Chain Mind, a cryptocurrency and data analyst, Confirmed The point is that Ethereum is moving into negative territory in terms of short-term holder supply flow. This kind of trend suggests that the most recent buyers of ETH have chosen to sell their holdings, adding new supply to the broader market during this uncertain period.
The analysis was performed using: Ethereum The Short Holder Net Change indicator primarily tracks speculative positioning over a 30-day period. When short-term holders begin paying dividends frequently, this is a pattern that suggests decreased confidence and increased sensitivity to volatility.
Data from the STH Net Change chart shows that recent buyers have begun distributing their holdings and short-term capital is circulating rather than flowing in. In these scenarios, On-Chain Mind advocates a strategy against the short-term crowd.
While short-term holders are expressing their fear and uncertainty by selling their ETH holdings, large holder or whale Keep finding reasons to hold altcoins and buy more. CW on the X platform stated This means that Ethereum has fallen below the realized price of the accumulated wallet address.
Despite losing This key thresholdETH whales continued their buying activity. The expert emphasized that whales’ full-scale accumulation of altcoins began in June 2025. Meanwhile, the current price has fallen below the price at which investors began the accumulation process.
This drop didn’t stop them as their purchases are being more aggressive this time around. At the same time, the latest ETH price is likely to look attractive to whales.
Buying ETH now is your chance
Despite the decline, Michael Van De Poppe expressed optimism about Ethereum. According to the analysis ETH Market Value to Realized Value Ratio (MVRV)Market expert, MN Fund founder and CIO declare “This is a huge opportunity to look at ETH now.”
Van De Poppe said the main reason for this was the huge gap between fair and market prices. Based on the MVRV ratio, ETH’s current value is undervalued, similar to extremely volatile periods such as the April 2025 crash. Bottom in June 2022 After Luna’s plunge, the COVID-19-triggered crash in March 2020, and the peak bear market in December 2018.
In all of these cases, this presented a fantastic opportunity to buy leading altcoins, and this particular signal has appeared once again in the current market cycle.
Featured image from Pixabay, chart from Tradingview.com
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