Coinbase Institutional said ETH rose 71% in the third quarter, while on-chain indicators have yet to show clear signs of overheating in the asset’s price action. According to the firm, the share of ETH supply currently in profit has moved out of the accumulation zone, but it remains well below the warning zone. That reading suggests the market has not yet reached the kind of overstretched conditions that historical indicators have previously associated with excessive upside moves. The update points to continued strength in ETH’s quarterly performance, but stops short of indicating that the rally has entered a historically elevated risk area based on the on-chain metrics cited.
Coinbase Institutional said ETH rose 71% in the third quarter, but on-chain indicators do not yet point to clear overheating in its price trend.
The firm said data shows the share of ETH supply currently in profit has moved out of the accumulation zone, though it remains far below the warning zone. In its view, that means the market has not reached the kind of excessive upside stretch indicated by historical metrics.
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