- Ethereum price shows an overlapping rebound structure lacking an impulsive five-wave confirmation for reversal.
- Realized price of accumulation addresses trends higher, tightening the gap with spot ETH levels.
- CPI volatility may trigger short-term spikes, but the broader Ethereum price analysis structure remains decisive.
Ethereum price remains cautious as the market structure lacks impulsive confirmation. Price trades near a key demand zone while on-chain data shows rising long-term holder cost basis.
Corrective Structure Keeps Ethereum Price Analysis Defensive
Ethereum price analysis continues to favor caution after last week’s rebound. The advance from the recent low does not show a clean five-wave impulsive pattern.
Instead, the structure appears overlapping and corrective on multiple timeframes. From an Elliott Wave perspective, sustainable reversals typically begin with strong impulsive strength.
However, current price action lacks momentum expansion and clear subdivision. Without a decisive break above the weekend high, downside risk remains active.
At present, the so-called orange scenario still allows another leg lower. Such a move could complete a deeper corrective sequence.
Therefore, structural confirmation remains absent in the current Ethereum price analysis outlook.
Demand Zone and Volatility Shape Short-Term Outlook
Ethereum price analysis shows the price trading inside a technically significant demand zone. The recent liquidation-driven drop has created conditions for sharp countertrend bounces.
As a result, volatility spikes and false breaks remain possible in both directions. Short-term movements may accelerate around macro events.
Notably, US CPI data is scheduled for release today. Elevated volatility around the numbers would not be surprising in this context.
Market participants referenced in social media updates stressed caution during headline-driven swings. Meanwhile, analysts continue tracking microstructure on lower timeframes.
A clean, impulsive break higher would shift focus toward recovery. Conversely, structural failure would reinforce the bearish corrective path outlined earlier.
Realized Price Trend Adds Structural Context
The realized price has maintained a steady uptrend since 2018. Even during deep bear markets, long-term holders continued accumulating.
Their average entry price has progressively increased over time. Historically, major cycle bottoms formed when the market price approached or briefly dipped below this realized price.
In 2018–2019 and again in 2022, the price traded near or under this level before multi-month recoveries followed. These zones often attract long-term capital.
When the price trades well above the realized price, expansion phases often dominate. Conversely, compression toward realized price typically aligns with fear-driven sentiment.
A decisive break below the realized price would place many accumulation addresses underwater.
