Ethereum breaks key price level - Is ETH’s rally just getting started?

Ethereum [ETH] has crossed a critical threshold – its market price has moved above its realized value, showing a shift in sentiment among long-term holders.

Nowhere is this more apparent than on Binance, where rising trading volumes and increased profit-taking point to renewed conviction, deeper liquidity, and Ethereums reassertion of market leadership.

ETH long-term holders are now in profit

At the time of writing, Ethereum was trading above its realized price of $1,900. The average ETH holder, especially those in accumulation addresses, was in profit.

This acts as a marker of long-term investor confidence. When price climbs above realized value, historically, it correlates with stronger conviction among holders and a shift in trader psychology.

Source: CryptoQuant

Binance takes the lead

Recent inflow and outflow activity confirms Binance as the center of ETH trading. The exchange recorded the highest ETH transaction volume among all platforms, with outflows notably outpacing inflows during the price rise.

Source: CryptoQuant

The data illustrates that Binance users accumulated heavily during ETH‘s dip, and are now realizing gains as price recovers above their average entry. Importantly, this dynamic doesn’t reflect market weakness – it shows strategic rebalancing on a platform known for high liquidity.

An example is Abraxas Capitals aggressive accumulation of ETH via Binance recently.

Source: X

Ethereums price outlook

Ethereums surge to $2,600 aligns with the launch of the Pectra upgrade, which has likely added momentum to the recent bullish wave.

However, technical indicators show a short-term cooldown may follow. The RSI has breached the overbought threshold, now sitting above 80 – a level historically associated with pullbacks.