Ethereum Drops 2.1% But Rallies 30% Weekly

Ethereum (ETH) has recently experienced a slight price pullback, declining by 2.1% to hover slightly above $2,500 over the past 24 hours. Despite this daily decline, ETH has shown a strong recovery trend, with prices increasing by more than 30% over the past week. This rally is part of a broader strength across the crypto market, with Ethereum pushing into new price zones that have brought it above several important realized price levels.

BlitzzTrading, a contributor to CryptoQuant, has closely monitored ETH’s realized price data, particularly how it relates to different wallet cohorts. The realized price, or average cost basis, refers to the average price at which a given cohort of investors acquired their ETH. This metric 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.

BlitzzTrading also 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.