PANews reported on April 23 that Glassnode published an analysis on the X platform, saying that the ETH supply chart shows a different situation from BTC. Although a significant increase in ETH first buyers and momentum traders has not yet been observed, first buyers have been active since late March (their relative strength index RSI remains at a high of 80). On the other hand, the activity of loss-making sellers peaked on April 16 and is currently showing a clear slowdown trend (RSI < 50).