Ethereum (ETH) today surpasses the $2,000 mark, marking a key milestone in cryptocurrency’s ongoing market performance. With Ethereum’s prices exceeding this psychological threshold, investors and analysts are currently focusing on the next major resistance level around the $2,400 zone. Successfully conquering this level could indicate bullish changes in ETH and could potentially set the stage for further price increases.
#ethereum $eth destroyed $2,000 today! But conquering the $2,400 zone is a must for a bullish flip. pic.twitter.com/yzphu0oobf
– Ali (@Ali_Charts) March 19, 2025
At the time of writing, Ethereum is trading at around $2,030.28, reflecting a steady rise in value and momentum. A closer look at Ethereum market data shows a diverse range of addresses that hold ETH at different price levels. The current distribution of addresses reveals important activities in both the “money” and “out of money” categories.
According to Crypto analyst Ali Martinez, a significant portion of Ethereum’s addresses are “money,” with 31.56% of all ETH addresses holding ETH at an average price of $1,953.35. These holders are profiting and are purchasing Ethereum at a price lower than its current market value. In contrast, 65.08% of addresses fall into the “Out of Money” category. That is, these holders purchased Ethereum at a higher price than they currently face losses.
Ethereum price, sentiment, distribution, $2,400 resistance
The chart highlights the continued expansion of Ethereum prices across various price levels, with prices ranging from $1,973.10 to $2,953.47. Data also reveals that Ethereum’s lowest price in recent transactions is $2,231.20, with a maximum price of up to $2,953.47. These price ranges represent the volatility that characterize the ETH market, but the overall trends reflect optimism, particularly as Ethereum approaches the $2,400 zone.
As shown in the chart, current price levels are important in assessing market sentiment. While Ethereum is clearly on an upward trajectory, analysts are particularly focused on whether cryptocurrencies can break through the $2,400 resistance level. This is seen as an essential target for bullish inversions that can drive Ethereum to a new stage of price rise.
The distribution of Ethereum addresses reveals a wide range of activities, with 12.39 million addresses holding ETH. Of these, the majority still show that they are “out of money,” indicating that many investors are waiting for Ethereum to surpass the higher price levels due to their more profitable position. Nevertheless, 31.56% of addresses “in money” indicate that a significant portion of the market has already experienced profits.
Additionally, as shown in the chart, overall market coverage reflects 100% coverage across all price levels. This suggests that the market for Ethereum is currently well balanced, with addresses spreading across different price ranges. However, it remains to be seen whether ETH will continue this momentum and will be able to attract new investors once it reaches the $2,400 resistance level.
As Ethereum prices continue to rise, the $2,400 zone remains at a critical level for cryptocurrency short-term price action. A successful break above this level not only marks important technical milestones, but also strengthens the market’s confidence in Ethereum’s continued bullish potential. Analysts and traders are eager to watch the area as breaking the $2,400 resistance could mark the beginning of a more expanded upward trend in ETH.
