![What Is Asset Tokenization? Types, Why It Matters Now [2025]](https://coininsights.com/wp-content/uploads/2025/05/asset_tokenization-360x180.png)
- A break below $2,345 could push 2.03M ETH addresses into losses, intensifying market sell pressure.
- Ethereum’s new address creation was declining, signaling reduced network activity and potential demand weakness.
Ethereum [ETH] is at a critical juncture, with its price hovering near $2,350. If it falls below $2,345, over 2 million investors holding 58.88 million ETH could find themselves in the red.
Given this significant threshold, analyzing ETH’s price trend, on-chain data, and market sentiment is essential.
Key support and resistance levels
Ethereum’s price chart showed that it recently bounced from a low of $2,300 but remained below key moving averages. The 50-day Moving Average (MA) stood at $2,678, while the 200-day MA was at $3,271, indicating a bearish trend in the short term.
ETH faces immediate resistance around $2,400, with stronger resistance at $2,500. If bullish momentum builds, reclaiming these levels could shift sentiment positively.
Source: TradingView
On the downside, losing the $2,345 support level would push ETH into a vulnerable zone, where the next significant support sits at around $2,250.
A break below this could accelerate selling pressure, triggering further downside toward the $2,100-$2,150 range.
Ethereum on-chain metrics signal caution
Data from IntoTheBlock revealed that 82.76% of ETH holders were still in profit at current levels, but a drop below $2,345 would change this dynamic significantly.
Over 17.14% of addresses holding 13.14 million ETH are already out of the money, and more could follow if the price weakens further.
Additionally, Glassnode’s data on new Ethereum addresses shows a declining trend. After peaking above 150,000 daily new addresses in early January, the count has dropped below 100,000.
This suggests lower network activity and reduced new demand for ETH, which could limit bullish momentum in the near term.
Source: Glassnode
Market sentiment and potential scenarios for Ethereum
At the time of writing, the MACD indicator remained in the negative territory, reflecting ongoing bearish momentum. However, the Average Daily Range (ADR) at 132.92 suggested potential volatility, meaning ETH could see sharp price swings in either direction.
For ETH to recover, buyers must step in at the $2,345 level and push prices above the immediate resistance. If Ethereum holds this support and new demand increases, a reversal could target $2,500 and beyond.
However, if selling pressure intensifies, ETH could break lower, bringing further downside risks.
Conclusion
Ethereum is at a crucial price level, and the next few trading sessions will determine its direction. A sustained break below $2,345 could lead to a sharper decline while holding above it might encourage a short-term recovery.
Investors should watch on-chain activity, market sentiment, and key technical levels closely to gauge the next move in ETH’s price action.
- A break below $2,345 could push 2.03M ETH addresses into losses, intensifying market sell pressure.
- Ethereum’s new address creation was declining, signaling reduced network activity and potential demand weakness.
Ethereum [ETH] is at a critical juncture, with its price hovering near $2,350. If it falls below $2,345, over 2 million investors holding 58.88 million ETH could find themselves in the red.
Given this significant threshold, analyzing ETH’s price trend, on-chain data, and market sentiment is essential.
Key support and resistance levels
Ethereum’s price chart showed that it recently bounced from a low of $2,300 but remained below key moving averages. The 50-day Moving Average (MA) stood at $2,678, while the 200-day MA was at $3,271, indicating a bearish trend in the short term.
ETH faces immediate resistance around $2,400, with stronger resistance at $2,500. If bullish momentum builds, reclaiming these levels could shift sentiment positively.
Source: TradingView
On the downside, losing the $2,345 support level would push ETH into a vulnerable zone, where the next significant support sits at around $2,250.
A break below this could accelerate selling pressure, triggering further downside toward the $2,100-$2,150 range.
Ethereum on-chain metrics signal caution
Data from IntoTheBlock revealed that 82.76% of ETH holders were still in profit at current levels, but a drop below $2,345 would change this dynamic significantly.
Over 17.14% of addresses holding 13.14 million ETH are already out of the money, and more could follow if the price weakens further.
Additionally, Glassnode’s data on new Ethereum addresses shows a declining trend. After peaking above 150,000 daily new addresses in early January, the count has dropped below 100,000.
This suggests lower network activity and reduced new demand for ETH, which could limit bullish momentum in the near term.
Source: Glassnode
Market sentiment and potential scenarios for Ethereum
At the time of writing, the MACD indicator remained in the negative territory, reflecting ongoing bearish momentum. However, the Average Daily Range (ADR) at 132.92 suggested potential volatility, meaning ETH could see sharp price swings in either direction.
For ETH to recover, buyers must step in at the $2,345 level and push prices above the immediate resistance. If Ethereum holds this support and new demand increases, a reversal could target $2,500 and beyond.
However, if selling pressure intensifies, ETH could break lower, bringing further downside risks.
Conclusion
Ethereum is at a crucial price level, and the next few trading sessions will determine its direction. A sustained break below $2,345 could lead to a sharper decline while holding above it might encourage a short-term recovery.
Investors should watch on-chain activity, market sentiment, and key technical levels closely to gauge the next move in ETH’s price action.
Если вы столкнулись с блокировками, не переживайте — 1xbet зеркало решит эту проблему. Я сам использую это зеркало, и оно всегда работает без сбоев, обеспечивая доступ ко всем любимым играм и бонусам.
Игровая платформа Leonbets предоставляет игрокам комфортный доступ к спортивным прогнозам через современный интерфейс и разнообразие событий. На сайте зеркало leon предлагает высокие коэффициенты, бонусы для новичков и эксклюзивные акции. Здесь можно делать ставки на более 20 видов спорта, включая известные турниры и виртуальные соревнования. Программа лояльности позволяет накапливать очки (леоны), которые обмениваются на призы, а мобильное приложение обеспечивает моментальный доступ к возможностям.
Для игроков из России, где официальная страница может быть недоступен, существует зеркало leonbets обеспечивающее полный доступ к счету и основным возможностям. Зеркало полностью дублирует оригинальный сайт, удерживая все данные пользователя, и не содержит лишнего контента. Минимальный размер пари составляет лишь 10 рублей, а вывод средств возможен на различные платежные системы с учетом комиссии до 5%. Благодаря своим плюсам, Leonbets стабильно находится на топ-5 среди игровых платформ РФ по популярности.
Thank you for the auspicious writeup It in fact was a amusement account it Look advanced to more added agreeable from you By the way how could we communicate
where can i buy clomiphene without dr prescription cost cheap clomiphene pills can i get cheap clomid price where to get cheap clomid price clomiphene sleep apnea clomiphene cost uk buying clomiphene tablets
This is the description of glad I enjoy reading.
This is the big-hearted of literature I positively appreciate.
zithromax pills – zithromax oral order flagyl 200mg pills
order domperidone 10mg online cheap – buy sumycin paypal where to buy flexeril without a prescription
inderal 10mg usa – order inderal online cheap order generic methotrexate