- Ethereum tests $1.5K support after breaching $2K, eyes rebound amid uncertainty.
- Market cohorts show whales buying below the realized price despite growing losses.
- Analyst eyes $2,015 recovery by July, with $4,100 target if macro conditions align.
Ethereum’s price action has reached a significant turning point following a sharp correction in early 2025. The cryptocurrency trades near a critical support zone as analysts assess the market’s next move.
Key Support Levels Hold as Market Awaits Direction
Ethereum’s recent market behavior shows a distinct pattern of rally, consolidation, and correction across a well-defined timeframe. After an early 2024 peak, the asset entered a prolonged sideways movement before reversing into a sharp downtrend by April 2025. The chart illustrates clear support and resistance levels shaping Ethereum’s short-term and long-term outlook.
Amid this evolving trend, in the post above, analyst Crypto General provided insights on this recent downturn and its implications for potential recovery. The market’s reaction around the $1,500 level has drawn significant attention. According to Crypto General, Ethereum has now tested the $1,500 support after breaching the $2,000 level earlier this year.
With that in mind, he believes this zone is crucial, as a breakdown below it may lead to further downside. However, his current focus is on identifying buy setups, expecting short-term consolidation followed by a potential upward breakout.
Adding to his market view, Crypto General also pointed out that macro factors, such as easing tariff tensions, could boost confidence for a larger long position. His projected recovery scenario includes Ethereum reclaiming $2,015 by July, with a broader target of $4,100 by year-end.
Cohort-Based Metrics Reflect Deeper Market Pressure
Shifting focus to on-chain activity, this next section offers a comparative analysis using realized price metrics to interpret Ethereum’s current valuation. It introduces long-term cohort behavior and provides additional data that reflects large-scale holding patterns across market cycles.
Expanding the analysis further, CryptoQuant.com has presented a comparative analysis by contrasting Ethereum’s market price against its realized value. This method segments price behavior across various wallet sizes and balance cohorts from 2019 through 2025.
Source: CryptoQuant
Based on these observations, Ethereum’s market price has recently fallen below its realized price, currently trading at approximately $1,850, while the realized price stands at $2,250. Besides this, the average cost basis for major holders, especially whales with over 100K ETH, is around $1,290.
Rounding out the analysis, the analyst also highlighted that the 100+ ETH cohort maintains the lowest cost basis, showing continued accumulation at lower levels. This suggests many investors are currently holding unrealized losses, which adds downward pressure but also sets the stage for possible long-term recovery.
