Ethereum UTXO Distribution Analysis Debunked Due to Lack of Primary Sources

On September 7th, Murphy released an unverified Ethereum UTXO distribution analysis showing significant ETH accumulation at lower levels, with notable support at the $2,425 to $2,970 range.

This analysis suggests potential selling pressure for ETH, highlighting crucial dynamics for long-term holders and market participants.

Murphy’s Analysis Unconfirmed by Ethereum Sources

The reported ETH UTXO Distribution Analysis by Murphy on September 7, 2025, claims unusual distribution patterns, suggesting potential market risks. However, primary sources do not confirm this report. Ethereum’s leadership and on-chain data provide no evidence of such an analysis.

Since no primary-source confirmation exists, the impact of the report on both investor behavior and market conditions remains negligible. The analysis suggested potential selling pressure based on unrealized gains, but these claims lack empirical backing.

Arthur Hayes, Co-Founder, BitMEX, expressed concerns about relying on third-party analysis, remarking: “Without primary verification from trusted sources, UTXO claims should be taken with a grain of salt.”

Ethereum’s Market Stability Unshaken by Unverified Claims

Did you know? Murphy’s focus has been largely on Bitcoin, with no verifiable ETH-specific UTXO analysis emerging in September 2025. The divergence in primary-source reporting emphasizes distinct market dynamics between Bitcoin and Ethereum analyses.

Ethereum (ETH) shows interesting statistics: trading at $4,283.20, with a market cap of $517.00 billion and a 24-hour trading volume of $18.56 billion. ETH’s price decreased by 0.42% over the past day but rose 71.97% over 90 days, as reported by CoinMarketCap.

Coincu research suggests that potential market shifts regarding regulation and technology might shape ETH’s future landscape. Institutional investor behavior notably influences market dynamics. Confidence in Ethereum remains overall strong, yet analysts advise caution without legitimate data validations.