Ethereum Smashes Through Critical Realized Price Barrier—Here’s Why It Matters

ETH just bulldozed past a major on-chain milestone—the realized price zone where most investors break even. Cue the champagne popping (or at least the over-leveraged degens high-fiving).

What’s the big deal? When ETH holds above this level, it signals a shift from ’panic selling’ territory to ’hodlers win again’ mode. The last time this happened? Right before the 2021 bull run. Coincidence? Wall Street would say yes—but their analysts still think blockchain is a type of ski binding.

Next target: $10K or bust. Just don’t tell the SEC we said that.

Understanding Realized Prices Across ETH Wallet Tiers

BlitzzTrading highlighted that Ethereum has moved above the average cost basis of most holders, broken down by wallet size. This “average cost basis,” or realized price, refers to the average price at which a given cohort of investors acquired their ETH.

It is calculated by assessing the aggregate value at which the coins were last moved, providing insight into whether those investors are currently in profit or loss. Tracking these levels can help traders identify potential support zones or areas where profit-taking may occur.

According to BlitzzTrading’s data, holders with balances between 100–1,000 ETH have a realized price of $2,225, those with 1,000–10,000 ETH hold at $2,196, and wallets holding between 10,000–100,000 ETH have an average cost basis of $1,994.

Larger wallets, with over 100,000 ETH, have a much lower average cost basis of $1,222. As the current ETH price hovers around $2,500, most of these groups are in profit. However, price corrections to retest these levels, especially after sharp rallies, are common in both bullish and sideways market structures.

Profit-Taking by Ethereum Whales Raises Questions About Short-Term Top

In a related post, BlitzzTrading explored the behavior of large Ethereum holders, referred to as “whales,” defined as addresses holding over 10,000 ETH. These large investors can have a disproportionate impact on market prices due to the volume of their trades.

The analyst noted that after ETH previously reached the $4,000 mark, whale-driven profit-taking contributed to a drop in price down to $1,300. Monitoring such activity is vital, as it can signal upcoming shifts in trend or potential short-term price ceilings.

Currently, ETH is once again approaching territory where whales are significantly in profit. If these large holders begin to offload their positions, similar to previous cycles, it may introduce downward pressure.

However, if whale wallets continue to hold or accumulate, it may reinforce broader market confidence. Real-time monitoring of whale flows remains a key tool for interpreting Ethereum’s short-term trajectory.

Featured image created with DALL-E, Chart from TradingView