{"id":20936,"date":"2025-05-21T15:36:16","date_gmt":"2025-05-21T15:36:16","guid":{"rendered":"https:\/\/gold.creditcard\/ethereum-holders-back-in-profit-as-eth-price-enters-crucial-area-for-3k-breakout\/"},"modified":"2025-05-21T15:36:16","modified_gmt":"2025-05-21T15:36:16","slug":"ethereum-holders-back-in-profit-as-eth-price-enters-crucial-area-for-3k-breakout","status":"publish","type":"post","link":"https:\/\/gold.creditcard\/es\/ethereum-holders-back-in-profit-as-eth-price-enters-crucial-area-for-3k-breakout\/","title":{"rendered":"Ethereum holders back in profit as ETH price enters 'crucial area' for $3K breakout"},"content":{"rendered":"

Key points:<\/strong><\/p>\n

Ethereum holders are back in profit, increasing chances for a rally to $3,000 and beyond.<\/p>\n

Ether sell pressure risk exists at $2,800, where 2.27 million ETH could be sold.<\/p>\n

Ether’s recent surge to $2,700 on May 14 pushed its value above its realized price, implying that the average holder of ETH is \u201cnow back in an unrealized profit,\u201d according to Glassnode.<\/p>\n

Ethereum trades above its cost basis<\/h2>\n

Data from Cointelegraph Markets Pro<\/a> and TradingView<\/a> shows that Ether\u2019s (ETH<\/a>) price has risen by more than 52% to a three-month high of $2,700 on May 14 from $1,800 on May 7, fueled by excitement around the Pectra upgrade<\/a>.<\/p>\n

This rally has seen ETH rise above its realized price or cost basis, currently at $1,900, paving the way for a\u00a0potential rally to $3,000 or higher<\/a>.\u00a0<\/p>\n

ETH holders returning to profit after unrealized losses \u201cprovides meaningful financial relief for many holders, signaling a bullish outlook,\u201d Glassnode explained<\/a> in its latest report.<\/p>\n

Historically, during the early phase of a rally, holders in profit provided upward momentum by holding firm and attracting new investors.\u00a0<\/p>\n

Further analysis of the cost basis of active market participants indicated the \u201cstrength of this upward move\u201d as the price moved above its True Market Mean, or the Active-Investor Price,\u00a0 at $2,400. This indicates fresh capital inflows into the market at higher prices.\u00a0<\/p>\n

As Cointelegraph reported<\/a>, holding above $2,400 was crucial to ensure a potential $3,000 retest.<\/p>\n

Ethereum: Key pricing levels. Source: Glassnode<\/em><\/p>\n

Despite Ether\u2019s recent outperformance, Glassnode analysts noted that the Active Realized Price still sits overhead around $2,900 and remains a key level that must be \u201cdecisively reclaimed to support continued improvement in investor confidence\u201d in the altcoin.<\/p>\n

The market intelligence firm added:<\/p>\n

\u201cThe $2,400\u2013$2,900 range remains a crucial area for Ethereum, acting as both a resistance zone and a potential breakout level essential for maintaining upward momentum.\u201d<\/p>\n

Popular trader Daan Crypto Trades also said<\/a> that ETH price must \u201cconvincingly break\u201d out of the $2,400-$2,600 range before rising higher to confront high-timeframe resistance between $2,800 and $2,850.\u00a0<\/p>\n

\u201cNot looking to do much until we at least convincingly break out of this local range.ETH\/USD four-hour chart. Source: <\/em>Daan Crypto Trades<\/em><\/a><\/p>\n

2.27 million ETH at $2,800 could trigger a sell-off<\/strong><\/h2>\n

According to Ether\u2019s cost basis distribution data<\/a>, investors hold approximately 2.27 million ETH at an average cost basis of $2,767, creating a potential resistance zone. This concentration suggests many investors may sell at break-even, potentially stalling Ether\u2019s upward momentum.<\/p>\n

Ethereum cost basis distribution chart. Source: Glassnode<\/em><\/p>\n

From a technical perspective, ETH must flip the $3,000 resistance level into support to target higher highs above $4,000.<\/p>\n

But first, the ETH\/USD pair must close above the $2,600-$2,800 range, where the 100-day and 50-day simple moving averages (SMA) currently sit. ETH price dropped below this level in February, driven by risk-off sentiment following Trump\u2019s tariff measures<\/a>.\u00a0<\/p>\n

ETH\/USD weekly chart. Source: Cointelegraph\/<\/em>TradingView<\/em><\/a><\/p>\n

\u200b\u200bOne positive catalyst for the bulls could be continued demand from spot Ethereum ETFs. Ether ETFs registered $100.7 million<\/a> in net inflows in the last three days, per Farside Investors\u2019 data.<\/p>\n

Meanwhile, the bears will attempt to keep the $2,600 resistance in place to increase the likelihood of pulling the price lower. The immediate target is below the $2,400 level, or the 200-day SMA.<\/p>\n

Below $2,400, the next key area of interest remains between $2,200 and the psychological level at $2,000. Reaching $1,800 would erase all the gains made after the Pectra upgrade<\/a>.<\/p>\n

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.<\/p>","protected":false},"excerpt":{"rendered":"

Key points: Ethereum holders are back in profit, increasing chances for a rally to $3,000 and beyond. Ether sell pressure risk exists at $2,800, where 2.27 million ETH could be sold. Ether’s recent surge to $2,700 on May 14 pushed its value above its realized price, implying that the average holder of ETH is \u201cnow […]<\/p>","protected":false},"author":0,"featured_media":20937,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_eb_attr":"","site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[9],"tags":[],"class_list":["post-20936","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-digital-finance"],"_links":{"self":[{"href":"https:\/\/gold.creditcard\/es\/wp-json\/wp\/v2\/posts\/20936","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/gold.creditcard\/es\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/gold.creditcard\/es\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/gold.creditcard\/es\/wp-json\/wp\/v2\/comments?post=20936"}],"version-history":[{"count":0,"href":"https:\/\/gold.creditcard\/es\/wp-json\/wp\/v2\/posts\/20936\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/gold.creditcard\/es\/wp-json\/wp\/v2\/media\/20937"}],"wp:attachment":[{"href":"https:\/\/gold.creditcard\/es\/wp-json\/wp\/v2\/media?parent=20936"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/gold.creditcard\/es\/wp-json\/wp\/v2\/categories?post=20936"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/gold.creditcard\/es\/wp-json\/wp\/v2\/tags?post=20936"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}