Ethereum is currently above the average realized purchase price for wallets in the short term and they are now at a profit.

Realized price (Blue): at a level of approximately $2,250, acting as a current support area.

Minimum realized price (Green): around $1,200, considered strong historical support.

A breakout above the realized price may enhance the entry of new liquidity and the beginning of an upward wave.

The current situation shows the beginning of recovery after a strong bottom.

Maximum realized price (Red): above $5,000, if Ethereum maintains support, this level will be the target of the current wave.$ETH