Glassnode: ETH firm buyers have been consistently active since late March, while loss making sellers' activity has now slowed down

Glassnode released an analysis on the X platform stating that the ETH supply chart shows a different situation than BTC. Although a significant increase in ETH first buyers and momentum buyers has not been observed yet, firm holders have remained active since late March (with their relative strength index RSI still at a high of 80). On the other hand, the activity of loss making sellers reached its peak on April 16th and is currently showing a clear slowing trend (RSI<50).