Ethereum Price Pulls Back 2.1% but Remains 30% Up Weekly
Ethereum (ETH) has seen a 2.1% decline in the last 24 hours, settling just above $2,500. Despite this dip, ETH is up over 30% for the week, indicating recovery.
Key points:
- ETH's recent performance follows overall strength in the crypto market.
- It has surpassed key realized price levels, showing potential support zones.
- Average realized prices by wallet size:
- 100–1,000 ETH: $2,225
- 1,000–10,000 ETH: $2,196
- 10,000–100,000 ETH: $1,994
- Over 100,000 ETH: $1,222
- Most holders are currently in profit at the current price level.
Concerns arise as large holders ("whales") might take profits, reminiscent of past market behavior. Monitoring whale activity is crucial, as it may indicate potential downward pressure or reinforce market confidence.
