Following weeks of price volatility and downward pressure, <b>Ethereum (ETH)</b> is displaying compelling signs of approaching a structural market bottom, according to leading on-chain analysis. Data suggests that the price is closing in on a critical support zone, particularly around the <b>$2,880 to $2,950</b> range, which historically represents the average cost basis of long-term investors and acts as a strong accumulation floor.

This confluence of price action and on-chain metrics suggests that the current correction phase is entering its final stages, potentially attracting a new wave of demand from strategic buyers.
<h2>The Historical Accumulation Zone</h2>
The crucial data point driving this analysis is the <b>Realized Price</b> of long-term Ethereum accumulators. This metric tracks the average price at which long-term holders acquired their ETH, and the <b>$2,880 to $2,900</b> region is flagged as the current benchmark for this core investor base. Historically, price dips toward this realized price level have coincided with the end of major market corrections, where "weak hands" capitulate and high-conviction investors aggressively buy.

Analysts note that Ethereum’s price is now just a minor further decline away from tapping this historic accumulation zone. A successful defense of this area could confirm that the current selling pressure is an exhaustive event rather than the start of a deep, structural bear market.
<h3>The Importance of the $2,880-$3,000 Band</h3>
[embed]https://twitter.com/ero_crypto/status/1991276603981131929[/embed]

The $3,000 price level is both a strong psychological barrier and a critical technical support level. The current on-chain structure reinforces its importance. While some analyses indicate that a brief dip below $3,000 is possible to clear out residual liquidity, a sustained defense of the <b>$2,880</b> level is paramount.

If <a href="https://www.cryptoknowmics.com/news/ethereum-supercycle-begins-tom-lee-predicts-massive-eth-growth-and-60k-target/">Ethereum</a> can consolidate and stabilize in the range between $2,880 and $3,350, it would allow on-chain demand to gradually rebuild and establish a stronger foundation for the next upward move. Conversely, a decisive daily close below $2,880 could open the door for a deeper retracement toward the $2,620 level. For now, on-chain evidence favors the formation of a structural floor, providing cautious optimism for patient investors.

Ethereum Nears Bottom: On-Chain Data Signals Strong Accumulation Near $2,880

Ethereum on-chain metrics point to a market bottom forming as the price approaches a major accumulation zone, with key support near $2,880.

Ethereum Nears Bottom: On-Chain Data Signals Strong Accumulation Near $2,880

Top Picks