Ethereum is trading close to 2,180 dollars after recording modest daily gains, though it remains down 6.3 percent over the past week. Market volatility has eased somewhat, but uncertainty persists due to conflicting statements about discussions involving the United States and Iran.
With its realized price acting as a ceiling, Ethereum is finding it difficult to move higher.
Resistance at realized price
According to analyst Darkfost, Ethereum is currently moving within a short term range. Its price is hovering near the average realized price of about 2,300 dollars, suggesting that many holders are sitting near their break even point. Based on standard deviation bands, the upper projected level of the realized price is around 5,300 dollars, while the lower bound is estimated near 1,150 dollars.
Ethereum is currently positioned near the middle of this range. In present market conditions, the realized price is acting as resistance, meaning some investors may see this level as a chance to exit without losses.
Additional on chain data shared by Wise Crypto highlights a growing battle between large holders and accumulating investors, bringing key price levels into focus. The 2,027 dollar range has emerged as a crucial support level, while Ethereum recently moved above a previous resistance near 2,148 dollars. The analyst noted that maintaining strength above this level could help restore upward momentum, while a drop below support may push the price down toward 1,928 dollars.
Earlier in the week, analyst Ali Martinez identified a strong accumulation zone between 2,000 and 1,800 dollars. Ethereum’s MVRV ratio has also fallen below 0.8, a level that has historically indicated undervaluation and previous market bottoms. This aligns with the formation of an ascending triangle on the weekly chart, while a recent bullish signal from the Supertrend indicator suggests the possibility of a trend reversal after a prolonged consolidation phase.
Staking activity reaches new highs
On the staking front, Everstake reported that Ethereum may be entering a new stage of growth. The total amount of ETH locked in staking has reached an all time high, with approximately 38 million ETH currently staked. This reduces the number of tokens available for trading in the open market.
According to the firm, the shrinking liquid supply combined with steady demand is creating conditions that could support stronger price performance moving forward.#crypto#cryptonews https://coinsignals.net https://t.me/coinsignalpublic
