Ether Nears Market Bottom as Key Signals Lag, CryptoQuant Says

Ether is showing characteristics associated with a market bottom relative to Bitcoin, according to CryptoQuant. The realized price represents the average on-chain acquisition cost of holders, and trading below that level suggests much of the market is carrying unrealized losses. Such conditions can point to undervaluation and capitulation, though they do not by themselves confirm that a durable cyclical low has formed.

CryptoQuant’s latest report said Ether was trading about 17% below its realized price as of July 2026, while on-chain selling pressure had eased and ETF holdings had begun to recover. Those developments strengthen the case that ETH may be approaching a bottom against Bitcoin. However, only two bottom indicators have been confirmed so far, leaving other key signals unresolved and the broader market-cycle low unverified.