The post Is the Ethereum Bottom In? ETH Price Analysis appeared on BitcoinEthereumNews.com.

TLDR: Ethereum tests realized price support where whale wallets have historically reversed downtrends successfully ETH trades at $3,007 with 7% weekly gains as accumulation addresses increase buying activity significantly Critical support zone spans $2,850 to $3,350 with bulls defending local lows to maintain structure On-chain metrics point to upside risk as large holders accelerate purchases at historical support levels Ethereum is trading at a pivotal support zone as accumulation data points to increased whale activity. The asset currently sits at $3,007.58 with a modest 24-hour decline of 0.03% despite posting weekly gains of 7.04%.  Trading volume reached $11.59 billion in the past day according to CoinGecko. Market participants are watching closely as price action tests levels that have historically marked reversal points. ETH price on CoinGecko Ethereum Whale Wallets Target Realized Price Support The realized price for ETH accumulation addresses has become a focal point for large holders. This metric represents the average cost basis for long-term buyers and institutional wallets.  Data shared by CryptosRus shows that Ethereum has tagged this level multiple times, with each instance preceding upward price movement. The current price action mirrors previous patterns where whale wallets increased their positions rather than reducing exposure. Source: CryptosRUs/X Large holders have not slowed their buying despite recent volatility. The realized price line has functioned as a support mechanism during past cycles.  Whales appear to view current levels as attractive entry points based on their cost basis analysis. This behavior contrasts with typical distribution patterns seen during market tops. The convergence of price and realized cost creates what some view as asymmetric risk conditions. Historical data suggests that when ETH reaches this threshold, downside risk diminishes while upside potential increases.  The pattern has repeated across multiple market cycles with notable consistency. Current accumulation trends align with previous bottom formations…

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Filed under: News - @ November 30, 2025 9:24 am