Ethereum

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 <p><span style="font-weight: 400;">Specifically, Glassnode reported that </span><span style="font-weight: 400;">Ethereum’s Realized Capitalization</span><span style="font-weight: 400;"> has hit $181,606,579,492.76. Notably, the figure represents its highest point in the past eight months.</span></p>  
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 <blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
  <p lang="en" dir="ltr">📈 #Ethereum $ETH Realized Cap just reached a 8-month high of $181,606,579,492.76</p> 
  <p>View metric:https://t.co/JEcbTHEjsD pic.twitter.com/EmrAn4WtLs</p> 
  <p>— glassnode alerts (@glassnodealerts) August 13, 2023</p>  
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 </blockquote> 
 <p></p> 
 <p>&nbsp;</p> 
 <p><span style="font-weight: 400;">Furthermore, the market chart accompanying the tweet showed that the ETH realized cap had been in a steady upward trajectory since January 2023.&nbsp; </span><span style="font-weight: 400;">As of November 2022, the realized cap was above $190 billion. However, it saw a steep decline, falling under $170 billion within two months.&nbsp;</span></p> 
 <h2 id="strong-what-is-realized-cap-strong"><strong>What is Realized Cap?&nbsp;</strong></h2> 
 <p><span style="font-weight: 400;">For context, realized cap is a metric that measures the value of all Ethereum tokens that have been moved on-chain within a year. According to </span><span style="font-weight: 400;">Glassnode</span><span style="font-weight: 400;">, the metric assigns worth to each Unspent Transaction Output (UTXO) by considering the price of a coin at the time of its last transaction rather than its present value.&nbsp;</span></p>  
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 <p><span style="font-weight: 400;">Notably, the metric does not take into account the value of ETH in centralized crypto exchanges or inactive wallets. While Ethereum’s realized cap is just above $181 billion, its market cap is currently $221,891,340,827.</span></p> 
 <h2 id="strong-will-it-impact-eth-price-strong"><strong>Will It Impact ETH Price?</strong></h2> 
 <p><span style="font-weight: 400;">Additionally, it is worth noting that Ethereum’s realized cap reaching an 8-month high is a bullish sign. This is so because it signifies the increased activity trend on the Ethereum network.</span></p> 
 <p><span style="font-weight: 400;">As reported by CoinGape News, formation of a bullish wedge pattern may set ETH price to a bull run towards $2500.&nbsp;Nonetheless, the </span><span style="font-weight: 400;">price of ETH</span><span style="font-weight: 400;"> has been in a passive mode in recent weeks with decreasing trading volume. According to data from the market tracking platform, CoinMarketCap, ETH trades at $1,845 with no significant growth in its seven-day cumulative performance.&nbsp;</span></p> 
 <p><span style="font-weight: 400;">Moreover, crypto traders bought and sold over $2 billion worth of ETH in the past 24 hours. However, the figure represents a 17% decline compared to what was obtainable in the past day.&nbsp;</span></p> 
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Ethereum Realized Cap Crosses $181 Billion

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