As the crypto market warms, Ethereum (ETH) is gaining attention with impressive profits. Today, market analyst Ali Martinez has found what could be a critical moment in ether prices. Analysts have discovered the key support levels that ETH must keep in order to maintain the uptrend.
#Ethereum’s most important support floors range from $2,060 to $2,420, with wallets over $10 million holding more than $69 million ETH. pic.twitter.com/dyyhalad6i
– Ali (@Ali_Charts) May 12, 2025
Important level of support for ETH market meetings
Today, Martinez shares metrics on X, offering interesting insights into the Ethereum market. Using the Global In/Out of the Money Indicator, he discovered $2,060 and $2,420 as the most important Ethereum support areas.
He further explained why this price range is the most important support zone for assets. His data shows that 10 million wallet addresses have been purchased for 69 million ETH within this zone. With a huge number of investors and traders gaining ETH in the region, this will make them a strong support zone where these holders are unlikely to lose and sell, creating support floors at ETH prices.
Owners consider this zone a fair rating and increase their chances of defending it by retaining or obtaining more ether tokens. This market sentiment will help create stability and prevent price drops.
ETH prices in systemic profits
Today, Ethereum has climbed to a price level of $2,500 and now stands at $2,556 at press, pushing the restored bullish move up to the high ground. This bullishness can be seen by ETH price action, which has increased by 41.7%, 40.9%, and 60.6% over the past seven days, two weeks, and one month respectively. The uptrend is driven by institutional investors who not only reallocate funds to Bitcoin, but also relocate capital to altcoins, including Ethereum.
The current price for Ethereum is $2,556.
Another on-chain indicator that confirms ETH bullishness is the latest metric from GlassNode. Data shows that Ethereum has increased its holding ETH of over 1,000 people by 12%, showing that the enthusiasm of big investors is growing amid the asset upswing.
The ongoing accumulation of ETH lays the foundation for sustainable gatherings. Eth’s $2,500 breakout suggests that whales are increasingly diversifying into the Altcoin market. This is a trend supported by improved macroeconomic conditions.
