ETH accumulation addresses grew holdings by 22.5% since March, despite the spot price lagging below realized cost levels.
Ethereum trades $146 below the realized price, suggesting market undervaluation and mounting long-term holder pressure.
ETH nears the apex of a tightening triangle, with $1,950 in sight if bulls break above persistent $1,840 resistance.
Ethereum accumulation wallets have increased holdings, but ETH’s spot price continues to lag behind historical realized levels. This divergence comes amid compressed volatility and critical technical formations on the 4-hour chart.
Long-Term Accumulation Pressures Market Price
Source: Dark Horseman
As we can see from the post above, market analyst Dark Horseman has presented a detailed analysis. Ethereum accumulation addresses have increased their holdings by 22.5% since March, indicating strong long-term conviction. The trend reflects investor preference to accumulate despite ETH’s limited short-term momentum.
According to Dark Horseman, Ethereum's market price sits at $1,833.90 while the realized price is $1,980.20. This $146.30 gap signals that the current ETH price trades below the average cost basis of accumulating addresses. These addresses represent wallets that steadily acquire ETH without significant selling, indicating patient holding behavior.
Dark Horseman’s insights span from 2016 to May 3, 2025, comparing market price and realized price. From 2016 to 2021, both prices rose sharply with brief deviations during market corrections. In 2022, the market price of ETH decreased, yet the realized price was stable, showing continuous accumulation.
More insightful is that during 2023-2025, the realized price was consistently higher than the market price. That pattern persisted into May 2025, emphasizing growing accumulation while broader demand remains low. If ETF catalysts materialize and reserves drop, repricing pressure could escalate quickly.
Triangle Structure Signals Upcoming Price Compression
Another important point to keep in mind is that technical analyst The Cryptomist has presented a bullish perspective. On the 4-hour ETH/USD chart, she identifies an ascending triangle with a minor falling wedge forming within the apex. Ethereum’s price currently hovers near $1,803.10, well within the converging structure.
Source: The Cryptomist
The Cryptomist notes clear support beginning at $1,680, with consistently higher lows from April 23 to May 5. Resistance remains at $1,840, a level tested multiple times but yet to be breached. She maintains $1,950 as a projected target if bullish pressure resumes in the coming sessions.
Let’s not overlook the fact that ETH is trading just above wedge support and below triangle resistance. Price compression is evident, and the apex aligns with May 11, 2025. Until then, ETH remains range-bound as it prepares for a decisive move within this technical structure.
The post ETH Accumulation Grows as Price Stays Below Realized Cost: Breakout Eyes $1,950 appears on Crypto Front News. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.
