ChainCatcher reports that, according to on-chain data, the ETH price has recently rebounded three times after falling to the average holding cost of a specific whale group. This indicator tracks whale wallets that meet certain conditions: a single purchase of 100+ ETH, at least two purchases, never sold, current balance of 100+ ETH, and excluding CEX addresses.
On-chain data shows that whenever the price touches this cost line, these addresses experience strong buying peaks. Since the price first reached this level on November 21, these whales have accumulated over 4.8 million ETH, accounting for 4% of the circulating supply, with balances increasing from 22.4 million to 27.2 million.
If this support level is broken, the overall market has a realized price of about $2,300 as support below. On-chain analysis indicates that being below the realized price suggests relative cheapness, making it attractive to investors optimistic about the future market.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Cumberland-linked wallets withdrew 26.5k ETH from multiple CEXs, worth $59.52 million
Gate News message. On April 11, according to Lookonchain monitoring, within the past 12 hours, a wallet associated with Cumberland (address 0x091...336) withdrew 26.5k ETH worth $59.52 million from multiple CEXs.
GateNews2m ago
Ethereum Activity Hits All-Time High With 1.3M Transactions
Ethereum's network usage is surging, averaging over 1.3 million transactions daily, with nearly 2 million wallets active. Staking has grown, securing over $85 billion in ETH, indicating long-term confidence despite stable prices around $2,100. This reflects strong fundamentals that may suggest future price increases.
Coinfomania11m ago
Whale's 50,000 ETH Long Position Shows $11.29M Floating Profit
Gate News message, a whale holding a 50,000 $ETH long position with 20x leverage, valued at $111.9M, currently has a floating profit exceeding $11.29M as the market rises.
GateNews1h ago
BlackRock withdrew 3,741 BTC and 41,075 ETH from a certain CEX, totaling approximately $364 million in value
Gate News message: On April 11, according to monitoring by Onchain Lens, BlackRock withdrew 3,741 BTC (worth $272.49 million) and 41,075 ETH (worth $92.00 million) from a certain CEX. The total value of the two transfers is about $364 million.
GateNews2h ago
Ethereum Foundation Sells 5,000 ETH for $11.1M DAI
Gate News message, the Ethereum Foundation has completely sold 5,000 $ETH for $11.1M $DAI at a price of $2,221. The transaction was conducted through address 0x9fC3dc011b461664c835F2527fffb1169b3C213e.
GateNews2h ago
