Ether holders back in profit as ETH eyes $3,000

Ether climbed to about $2,390 on Monday, rising above a realized price estimated at $2,320. That places the average holder back in unrealized profit. The token has gained roughly 21% from a local low of $1,940 on March 29.

On-chain analytics measure the realized price as the average cost basis of moved ETH and put that figure near $2,320. Market participants note that moving above the realized price can alter selling behavior among holders who were previously at a loss.

When ETH reclaimed its realized price in May 2025 after trading below it for several weeks, the token later rose about 173% to a $4,950 peak from roughly $1,800. A similar reclaim in early 2023 preceded an about 58% advance, figures traders reference as historical context for possible upside.

Technical indicators show a bull-flag pattern on the daily chart. Price is retesting resistance near $2,350, where the flag’s upper boundary meets the 100-day exponential moving average. A daily close above that level would set a measured target near $3,018, about 30% above the current price. The daily relative strength index has climbed from the mid-30s in late March to about 56.

On-chain cost-basis distribution shows roughly 7.1 million ETH held at average prices between $2,750 and $2,850. That concentration represents potential supply that could create resistance around the $2,800 area if many holders sell at breakeven.

Analyst Dami-Defi predicted, “Once we break $2,400 we will catapult violently to $2,800 – $3,000.” One analyst pointed to a broadening wedge on the 12-hour chart that projects a breakout toward $3,000.

Traders and investors will watch daily candlestick closes and on-chain flows for signs of sustained buying or renewed distribution.