Ethereum Hovers at $2,500 Mark As On-Chain Cost Basis Regions Disclose Major Support Levels
By: blockchainreporter|2025/05/16 18:15:05
0
Share
Ethereum (ETH) continues to show indicators of rejuvenated movement, with the token regaining strengths lost during its recent downtrend phase. The asset is currently hovering above the $2,500 mark as bullishness continues to build-up and market appears ready for potential surges. After several weeks of robust price trajectory, the market now aims reclaim the $2,700 level, a major technical and psychological milestone that may ignite further upswing.With the $2,700 level now within sight, the focus has shifted to the behavior of various investor groups and how their average cost basis may impact forthcoming price movements.ETH Important Realized Price Zones“The average cost basis of ETH holders based on wallet size is as follows:Balance 100–1k: $2,225Balance 1k–10k: $2,196Balance 10k–100k: $1,994Balance 100k+: $1,222” – By @BlitzzTrading pic.twitter.com/ms13XQQeuJ— CryptoQuant.com (@cryptoquant_com) May 15, 2025CryptoQuant identifies ETH’s key support levelsToday, CryptoQuant analyst, BlitzzTrading, shared metrics that supports the bullish narrative. The analyst data listed major cost basis levels across Ethereum holder groups, providing insights into where key price support levels could be moving to. The average cost basis metric measures the average price at which token holders acquired their coins.As per metrics, investors (with wallets holding 100 and 1,000 ETH) have an average cost basis of $2,225.Moving down, the average cost basis for investors with 1,000 and 10,000 ETH is $2,196, while that for investors (with addresses holding 10,000 and 100,000 ETH) is $1,994.Lastly, the data showed that holders (with wallets with more than 100,000 ETH) bought their tokens at an average cost basis of $1,222.Compared to smaller token holders, this data shows that bigger token holders bought their coins at lower average prices. This happened this way because of earlier move into the market or the power to acquire bigger quantities of tokens during market dips.These zones act as various crucial support levels that may determine Ethereum’s short-term direction. Holding above these levels shows that recent buyers are still in profit, which strengthens market confidence and decreases the chances of a backdrop.ETH entering into consolidationToday, Thursday, May 15, 2025, Ethereum price experienced a drop, currently hovering at $2,551, a fall from yesterday’s $2,646, marking a decrease of 3.7% over the past 24 hours.The decline is also seen in the broader crypto market, with BTC, SOL, DOGE, and other major assets fell by over 5% today. The drop happens as multiple traders opted to unlock profits following a strong bullish rally witnessed in the past three weeks driven by improving macroeconomic conditions.Ethereum price has risen progressively since April 7, leading to a 56.5% month surge. However, since May 10, its momentum became parabolic, and started to experience correction, which has become more gradual.Several indicators shows that the asset is likely to see some declines in the near-time. The RSI currently stands at 69.14, indicating that the token could be entering overbought territory. This indicator suggests that ETH could be due for a consolidation or a fall back, despite experiencing an upward momentum.The current price of Ethereum is $2,551. Secondly, the asset is currently moving in an ascending parallel channel, showing that prices are in an uptrend. However, this pattern supports a likelihood of a correction that may bring ETH price to retrace the (above-mentioned) support levels of $2,225 and $2,196 soon. After the anticipated decline, the price is expected to start another upside move, taking it between $2,700 and $3,000 resistance levels.
You may also like

Vitalik Rare Self-Criticism: Ethereum Missed the Really Important Battle
Ethereum can't save the entire world, so what can we do?

SBF's bro turned 225 million into 5.5 billion in one year
Meet the 24-Year-Old AI New "Stock Market Wizard".

These former crypto builders have joined the world's hottest AI project
The Crypto Space Does Not Support Idleness

Key Market Insights for March 5th, how much did you miss out on?
1. Top News: Wall Street's key regulatory agency is moving forward with plans to regulate cryptocurrency and prediction markets
2. Token Unlock: None

Crypto VC Inflection Point: The Survival Answers of a16z, Dragonfly, Paradigm
A sign of the maturing Crypto VC space is no longer a sea of sameness but each finding their own path forward.

Is OKX's $25 Billion Valuation Really Justified?
In theory, OKX has tens of millions of new users to tap into in the United States

SBF's little brother turned 225 million into 5.5 billion in one year
Let’s meet the 24-year-old new "stock god" of AI.

In a World of Disruption, How Can Humanities Workers Better Use AI?
This AI in Practice experience is not about teaching you a few magical keywords to memorize; it's more like a methodology.

Anthropic Open Letter: The Hypocritical Sam Altman, PUA Master
OpenAI's extensive PR rhetoric with the Department of War on these issues is either lying or deliberately creating confusion. These facts reveal a pattern of behavior, a pattern I have seen many times in Sam Altman, and I hope everyone can recognize it

On the same day that Kraken's Fedmaster Account was approved, the banking lobbying group immediately launched a counterattack.
Banking Lobby Group Slams Kraken's Approval for "Limited Purpose" Fed Master Account.

Bitwise: This weekend's attack accelerated the on-chain migration of the financial world
The never-ending market has become a global obsession.

Market Downturn: Which Assets Are Worth Watching?
"Whether it can bring benefits to the holder" is one of the key reference indicators.

The real opportunity of stablecoins is not to kill Visa
In the new merchant ecosystem born in the AI era, stablecoins will become the first widely adopted payment infrastructure.

Trump's AI Farce: Insult if You Don't Pay
Dario's all-hands email is full of ad hominem attacks
US & Canada Crypto Tax Season 2026: Official Tax Reporting Support from WEEX × KoinX
Prepare for US & Canada crypto tax season 2026. Learn how to export your WEEX transaction history and access official reporting support through our partnership with KoinX.

Conversation between Tom Lee and "The Big Short" Author: AI has detected bubble signal, crypto correction due to gold liquidity being "siphoned off"
A real bubble occurs when everyone is absolutely certain that "this is definitely not a bubble."

The true reason for Claude's ban, Kraken accessing the Federal Reserve payment system, What is the English community paying attention to?
What Was Trending in the Last 24 Hours?

「Buying the Dip」 of 400,000 BTC: Is $74,000 a Rebound or a Reversal?
BTC price hits a new monthly high.
Vitalik Rare Self-Criticism: Ethereum Missed the Really Important Battle
Ethereum can't save the entire world, so what can we do?
SBF's bro turned 225 million into 5.5 billion in one year
Meet the 24-Year-Old AI New "Stock Market Wizard".
These former crypto builders have joined the world's hottest AI project
The Crypto Space Does Not Support Idleness
Key Market Insights for March 5th, how much did you miss out on?
1. Top News: Wall Street's key regulatory agency is moving forward with plans to regulate cryptocurrency and prediction markets
2. Token Unlock: None
Crypto VC Inflection Point: The Survival Answers of a16z, Dragonfly, Paradigm
A sign of the maturing Crypto VC space is no longer a sea of sameness but each finding their own path forward.
Is OKX's $25 Billion Valuation Really Justified?
In theory, OKX has tens of millions of new users to tap into in the United States