TLDR
- Ethereum has surged 58% in the past 30 days and remains up 17% over the last week
- ETH is trading around $2,529 after hitting a recent high of $2,736
- The cryptocurrency has broken above key realized price zones for different wallet cohorts
- Trading volume remains strong at $25.15 billion, showing active market participation
- Key resistance is at $3,100, while support sits at $2,233
Ethereum has been making waves in the crypto market with its impressive performance over the past month. Despite a slight pullback in the last 24 hours, ETH has maintained a strong bullish trajectory, showing resilience in the face of market fluctuations.
The second-largest cryptocurrency by market cap has recorded a remarkable 58% increase in value over the past 30 days. Even within the last week, ETH remains up by nearly 17%, reinforcing its bullish momentum and hinting at potential continued growth.
After reaching a recent high of $2,736, ETH experienced a minor correction, in line with broader market sentiment. The price is currently hovering around $2,529, representing a small 2.47% decline over the last 24 hours.
What makes this rally particularly interesting is that Ethereum has moved above the average cost basis of most holder groups, broken down by wallet size. This “average cost basis,” or realized price, refers to the average price at which a given cohort of investors acquired their ETH.
According to data from CryptoQuant contributor BlitzzTrading, holders with balances between 100-1,000 ETH have a realized price of $2,225. Those with 1,000-10,000 ETH hold at an average cost of $2,196, while wallets holding between 10,000-100,000 ETH have an average cost basis of $1,994.
Larger wallets, with over 100,000 ETH, have a much lower average cost basis of $1,222. With ETH trading around $2,500, most of these groups are currently in profit.
Whale Behavior and Market Implications
The behavior of large Ethereum holders, often referred to as “whales,” is worth monitoring closely. These are addresses holding over 10,000 ETH that can have a major impact on market prices due to the volume of their trades.
Historical patterns show that after ETH previously reached the $4,000 mark, whale-driven profit-taking contributed to a price drop down to $1,300. If these large holders begin to offload their positions again, it may create downward pressure on the price.
However, if whale wallets continue to hold or accumulate ETH, it could reinforce broader market confidence and support further price increases. Real-time monitoring of whale flows remains essential for understanding Ethereum’s short-term direction.
Despite the recent correction, Ethereum continues to trade within a bullish range. This is supported by a strong 24-hour trading volume of $25.15 billion, indicating ongoing investor interest and activity in the market.
Market observers are closely watching key levels to assess ETH’s next moves. The next major resistance level is at $3,100, while important support sits at $2,233. These price bands suggest areas where buyers and sellers are likely to engage heavily, potentially influencing Ethereum’s short-term trajectory.
The next key resistance area for #Ethereum $ETH is $3,100, while major support is $2,233, based on the pricing bands. pic.twitter.com/IrFd8pKmlR
— Ali (@ali_charts) May 14, 2025
Analysis from Rose Premium Signal highlights the importance of Ethereum holding above its previous breakout zone. If this level continues to act as support, a bullish continuation toward the $3,000 level becomes increasingly likely.
The current chart pattern suggests ETH may be undergoing a bullish retest, which is a typical move before a renewed upward breakout. This technical formation often precedes continued price appreciation.
$ETH – Ethereum Technical
If #ETH holds the previous breakout zone as support, a continuation towards $3,000+ becomes highly probable. The chart structure suggests a bullish retest before resumption of the uptrend.
🎯 Next Price Targets:
Target 1 : $3,063
Target 2 : $3,566… pic.twitter.com/HIHwUJNcGq— Rose Premium Signals 🌹 (@VipRoseTr) May 14, 2025
Looking ahead, bullish price targets for Ethereum have been outlined at $3,063, $3,566, and $4,201. These levels align with Ethereum’s current trend and are supported by both technical analysis and market sentiment.
While short-term price fluctuations are expected, Ethereum’s strong technical structure provides a compelling case for further upside. As long as ETH holds above key support levels, its path toward the $3,000 mark remains within reach.
ETH is currently trading at $2,529, down slightly from its recent peak but still showing strong performance when viewed over longer timeframes.
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