Ethereum’s Pullback Signals Healthy Bull-Market Reset, Analysts Say
Published at：2025年07月25日 10:44
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Ethereum’s 11% retreat from its yearly high this week isn’t a trend reversal—just the market’s way of catching its breath, according to on-chain analysts. Data from Glassnode shows that profit-taking has spiked to levels normally seen in early bull-market corrections rather than late-stage downturns. Funding rates in the perpetual futures market have cooled from highly positive to nearly neutral, implying leveraged longs have been flushed out alongside a healthy reset in positioning. Spot accumulation remains strong: exchange balances continue to decline, and the percentage of ETH staked has edged up to a fresh record of 27%. Taken together, the metrics suggest dip buyers are stepping in at the same technical level that capped upside in mid-March, reinforcing the idea that the pullback is a shake-out within an intact three-month uptrend.
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Ethereum
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