Ethereum Defies Gravity: $1,900 Realized Price Floor Signals Unshakable Bull Market Conviction
Ethereum isn’t just holding $1,900—it’s turning it into a springboard. The ’realized price’ metric (what holders actually paid) now acts as a rock-solid support level, flashing green for long-term believers while short-term traders sweat.
Why this matters: When an asset trades above its realized price for sustained periods, it suggests deep-pocketed investors see current levels as a bargain—not a trap. No magic ’moon math’ here, just cold hard on-chain data.
The cynical take? Wall Street still can’t decide if ETH is ’digital oil’ or a glorified spreadsheet—meanwhile, the network keeps printing blocks and stacking value. Sometimes the market takes longer to get it right than ETH 2.0 took to ship.
Ethereum Stays Above Realized Price – What Does It Mean?
The realized price in the crypto market refers to the average acquisition price of all circulating tokens. It’s a key indicator of market sentiment as a trading price below the realized price signals a bearish market because investors are holding a loss. The reverse scenario is true for a bullish market.
In the analysis provided by CryptoQuant expert Crazzyblockk, ETH is trading above its realized price at $1900 based on the market activity for accumulating addresses, i.e., long-term holders and frequent depositors on the Binance exchange.
Notably, this development just occurred in the past week despite the market rebound that has been ongoing since mid-April. The price rise above $1900 proclaims a loud bullish signal as the long-term holders are now in profits, indicating a renewed confidence in ETH’s long-term value.
This confidence is strongly reflected in the fact that most recent ETH outflows are moving from Binance, the most active crypto exchange for ETH trading.
When Binance ETH deposit addresses show profitability with the current ETH price above the realized price, it indicates a general increase in traders’ confidence and stronger market activity. Moreover, the price rise above $1900 shows a sustained bullish momentum, indicating the market can absorb profit-taking without breaking the current uptrend.
Binance Keeps Lead In ETH Liquidity
Based on the presented analysis, Crazzyblockk further concludes that Binance boasts the most active ETH trading community in the crypto space. This is indicated by the massive ETH outflows on the exchange, suggesting a high market activity on the exchange during price appreciation.
The analyst further tipped the exchange to maintain this dominance as traders will always use the most liquid exchange to manage their positions, either for accumulation or for profit taking.
At the time of writing, Ethereum trades at $2,525, reflecting a 5.88% gain in the past day. Meanwhile, the asset’s trading volume is down by 18.44% and valued at $33.79 billion. ETH next’s resistance remains at $2,600 following a recent rejection in the past few hours. If the altcoin can successfully move past this barrier, a potential upswing to $2,800 lies ahead.
Featured image from Pexels, chart from Tradingview
