Ethereum Accumulation Zones Cement $2.9K Floor – Bullish Signal for Q4 2025?
Whale wallets dig trenches at critical price level.
Market Mechanics
Large-scale holders just established their line in the sand. The $2,900 realized price level now represents a massive concentration of ETH purchases – creating what analysts call a 'volume shelf' that could deflect selling pressure.
Technical Backstop
This isn't theoretical support. These accumulation addresses represent actual capital deployment at specific levels. When prices approach $2.9K, these holders face breakeven pressure – making them more likely to defend their position than speculative traders.
Market Psychology
The crypto markets love round numbers almost as much as traditional finance loves fee structures. Watch for both retail and institutional reactions if Ethereum tests this freshly-established threshold. History shows clustered acquisition prices often become self-fulfilling prophecies.
Will the $2.9K hold transform from psychological barrier to actual springboard? The accumulation patterns suggest whales are betting serious money on it – which beats another 'institutional adoption' press release any day.
Ethereum Accumulation Levels Signal Critical Support
According to top analyst Burak Kesmeci, Ethereum’s realized price for accumulation addresses has become one of the most important signals in the current market environment. With the ETH ETF rally, this metric surged significantly, rising from $1.7K to $2.9K in a relatively short period. Such a sharp increase underscores the aggressive positioning of long-term holders who accumulated ETH at higher valuations, effectively raising the overall cost basis of this critical cohort.
At the same time, the total balance in these addresses has climbed to 27.6 million ETH, a staggering amount that highlights the scale of conviction among accumulation wallets. This suggests that a large portion of the supply is now held by investors with strong hands, reducing the likelihood of panic selling and providing a stabilizing effect on the market.
Kesmeci notes that, in the worst-case scenario, the $2.9K realized price could act as a robust support zone, offering a defensive line against further downside. However, the coming days will serve as a crucial test for ETH bulls. Holding above current levels will be essential to avoid a deeper correction that could undermine the bullish momentum built up in recent months.
Testing Critical Support
Ethereum (ETH) is showing weakness after its recent decline, with the chart reflecting a sharp selloff from local highs above $4,600 down to the $4,100 area. Currently, ETH is trading around $4,173, sitting just above the 200 EMA at $4,106, which now acts as critical support. A sustained defense of this level is key to preventing a deeper correction.
The 50 EMA at $4,402 has turned downward, highlighting short-term bearish momentum and reinforcing the idea that sellers are in control. Unless ETH can reclaim the 50 EMA decisively, pressure may continue. That said, the fact that the 200 EMA is still sloping upward suggests the long-term trend remains intact, even if the market is entering a corrective phase.
From a technical perspective, the rejection NEAR $4,600 created a lower high, a sign of caution for bulls. However, if ETH manages to stabilize above $4,100 and form a base, a rebound toward $4,400 remains possible; conversely, a break below the 200 EMA could expose the $3,800–$3,900 zone as the next major support.
Featured image from Dall-E, chart from TradingView
