Ethereum NUPL Falls to −0.35 as ETH Tests Historical Bottom Zone
Key Insights:
- Ethereum crypto NUPL fell to near −0.35, a level associated with previous price floors.
- Ethereum recorded 989,500 active addresses, its busiest day since March.
- ETH traded near $1,874 as network staking reached a record 42 million tokens.
Ethereum crypto is showing a familiar stress signal as Ether trades near $1,874. Binance exchange-level NUPL has fallen toward −0.35, according to CryptoQuant contributor MorenoDV.
Similar readings appeared near major price floors in 2019, 2020, 2022, and 2025. However, the indicator does not confirm that selling has ended. It measures only ETH held on Binance, not the network’s entire supply.
Meanwhile, Ethereum recorded 989,500 active addresses in 24 hours, according to Santiment. That marked the network’s busiest day since March. The ETH price now faces a crucial test near the 100-day exponential moving average.
Ethereum Crypto NUPL Returns to a High-Stress Zone
NUPL compares unrealized profits with unrealized losses across a selected supply group. Positive readings indicate aggregate paper profits, while negative figures show that holders are underwater.
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