1️⃣We talked a lot in the last months about the Realized Price of ETH Accumulating Addresses. As you can see, the price fell down to the level this metric shows, but it bounced up 3 times from that level.
✅Of course, no support level is unbreakable, but the fact that the price bounced 3 times right on this metric after a big drop is like proof that we pointed to a very correct and important level.
The metric in the chart tracks wallets that meet all of the following criteria:
🟢Their most recent purchase was 100+ ETH in a single transaction (whale-sized buy).
🟢They have purchased ETH at least twice.
🟢They have never sold any ETH (diamond hands).
🟢Their current balance is 100+ ETH.
🟢CEX addresses are excluded.
2️⃣When we dig deeper into this metric, we reach these results. As you can see in the 2nd image, especially AT THE MOMENTS WHEN THE PRICE TOUCHES this metric, there are very big and strong peaks in the inflows of these addresses. This means that, for these whales too, that level is a defending support level.
3️⃣Also, in the 3rd image, when we look at these whales' balances, we see that on 21 November 2025, the day the price touched this metric, they had 24.4 million ETH, and today, on 24 December 2024, they have 27.2 million ETH. This means that since the day the price touched this metric, these whales have accumulated more than 2.8 million ETH. This amount is 2.35% of the circulating supply.
4️⃣If the market stays bearish and this support breaks, below it there is ETH's overall market realized price. The value it shows today is about $2,300.
✅In onchain analysis, a price below Realized Price means it is cheap compared to the market average. For an investor who is hopeful about the next period, as long as they hold a hedge contract in the derivatives market (for example, by paying a small premium as an insurance fee for a PUT-LONG contract), accumulating ETH step by step below the price of "accumulating addresses" stands out as a very reasonable option.
Written by CryptoMe
