MAC_D2025-04-07

ETH Next Major Support Level $1.29K

The average cost basis (realized price) for Ethereum holders is $2.2K. This suggests that the majority of Ethereum holders are currently experiencing losses. The next major support level is around $1.29K, the average cost basis (realized price, orange line) of whales holding over 100K Ethereum. Even during the Luna crisis on June 18, 2022, Ethereum formed a low at $870 and showed signs of a rebound.