Crazzyblockk2025-09-23

Key Condition for Ethereum’s Bullish Reversal: A Break Above $4,580

In recent days, Ethereum has continued its decline in line with Bitcoin’s sharp drop. However, according to realized price metrics across highly active addresses, ETH has found stability around the $4,100 level, which represents the average cost basis of these addresses. Looking at accumulation trends, on-chain data shows that nearly 1.2M ETH was sent to accumulation addresses at the $4,580 price level. This aligns closely with the realized price of addresses that have recently received ETH from exchanges, making $4,580 a highly significant level of interest. With such a large volume of capital currently underwater at $4,580, a reclaim of this level would mark a critical turning point for market sentiment. Once these positions move back into profit, confidence and momentum for Ethereum’s bullish trend are likely to be restored. In summary: Key Support: $4,100 (highly active addresses’ cost basis). Key Resistance: $4,580 (accumulation and exchange outflow cost basis). For Ethereum investors and traders, these levels represent the most decisive points to watch in the coming sessions.