Several ETH data points suggest that Altcoin is a good long-term buy: analyst
Ether (ETH) is attracting fresh attention as a long-term investment case, as Ethereum continues to lead in Onchain activity and decentralized finance key areas, even though the altcoin has lost 28% in value this year. The network still hosts approximately $43 billion in DeFi liquidity, over $165 billion in stablecoins, and 55% of assets tracked in public blockchains.
Data from the token terminal as well It shows As the capitalization of tokenized exchange-traded funds (ETFs) exceeds 400 million dollars, Ethereum holds 76.9% of the market share.
Citing the above information, crypto analyst Tanaka said:
“These are the segments that I believe will sustain the market in the medium to long term. And if we look at the current data, Ethereum is still the most important settlement layer for these narratives.”
Onchain share between different chains. Source: X
Ethereum also has staking activity. He continued In the year Despite a 28% drop in price by 2026, network data shows that ETH in stock is about 39.1 million coins, or about 32% of the total ETH supply, distributed across 896,000 active validators.
Validator entry demand is also high, with an entry queue of more than 3.49 million ETH pending for more than 60 days, while the exit supply remains at a minimum of 7,424.
Ethereum validator queue. Source: Validator Queue
The long validator queue is important because it shows that despite the weak prices this year, a large amount of ETH has been taken into the stock.
CryptoQuant data Added It also highlights the ether stock trend. ETH inflows into storage addresses reached 248,400 ETH on May 20, marking the strongest one-day inflow since January 6. These wallets are often associated with long-term holdings as they exhibit limited trading activity.
ETH goes to the storage addresses. Source: CryptoQuant
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ETH analysts see the historical buy zone
Trader Crypto Bullet he said. Ether's weekly chart still shows a multi-year rally between $1,000 and $5,000. The analyst sees the last several years as a time when buyers gradually built up positions before a major trend emerged.
Crypto Bullet ETH can still re-visit the $1,000 to $1,300 area, calling it the last possible capital zone before the next cyclical expansion. The analyst issued long-term revised targets of $7,700-$14,000 for the 2027–2029 period.
ETH/USD, one week chart. Source: X
Onchain analyst Re has identified Ether's position on the alphafractal two-year simple moving average multiple model. The model compares it to the average ETH price over the past two years to identify periods when ETH has traded above or below the average.
Ethereum recently dropped below the chart's two-year SMA x1 band, which is the average price of ETH over the past two years. Often, traders see the x1 level as the fair value zone in normal market conditions.
High bands such as x1.42 and x2.65 have historically been seen when ETH trades above its long-term average, an overheated bull market.
The price is now approaching the lower 2Y SMA/2 band shown in purple on the chart. Rev he said.,
“History shows that at any time When $ETH approaches or touches this zone (like at the end of 2022), the market usually establishes a very safe, cyclical “accumulation zone”.
Ethereum: 2Y SMA multiplier indicator. Source: X
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