Ethereum Crashes 12% Below Realized Price: Is $1,398 the Final ETH Bottom?

In the latest Ethereum news, the coin has entered a critical phase after its recent crash in the Realized Price metric. This metric represents the psychological threshold for risk, and a drop here often signals bearish sentiment. As of today, the Ethereum price hovers around the $1,550 mark, showing a modest 4-5% recovery after hitting the $1,430 low earlier this week.

What Does Falling Below Realized Price Mean For Ethereum? 

The Realized Price is an on-chain indicator that calculates the average cost of all Ethereum coins in circulation. This cost is based on their last transfer price. According to CryptoQuant analyst theKriptolik, Ethereum’s recent dip has taken it below its realized price. The analyst said, “Each ETH is evaluated based on the price it was last transferred at. When you average out all those prices, you get the Realized Price. This gives us a much more “realistic” sense of what the average investor paid for their ETH, and it often paints a very different picture from the current market price.”

Three Key Takeaways for Ethereum Price 

The analyst went on to outline three implications of the recent Ethereum price dip. First, he said that the drop in Realized Price tends to increase loss-driven selling as investors panic. Second, such situations usually end up in the capitulation phase, where investor confidence shrinks and sell-offs occur. Lastly, the analyst mentioned that whenever the ETH Realized Price has underperformed, it has led to long-term bottom zones. This results in heavy accumulation of the cryptocurrency in question.

ETH Whales Gear Up 

While the Realized Price sets the mood to a bearish one, a notable ray of hope for the Ethereum price is that the ETH whales have come back, acquiring over 130,000 ETH in the past few days. This signals confidence among institutional players despite the uncertain market behavior.  This accumulation also coincides with analysts claiming that the Ethereum price may be forming a bottom. 

While Ethereum’s dip below its Realized Price raises concerns about the short-term growth, it also presents an opportunity for accumulation. If historical patterns hold true, some positive Ethereum news could soon be seen, with a potential flight to higher levels like $2,400. With that in mind, let’s take a look at the daily ETH price analysis and form a price prediction for today.

ETH Price Analysis: Ethereum Continues Abandoning Supports, Goes into the $1,300s

The Ethereum price has been boasting of a stable recovery since the Monday market crash, but the price action of the last 24 hours seems to have reversed some of its progress. The day started on a positive note for Ethereum, with a golden cross on the MACD. The buying pressure also seemed adequate to push the price to $1,611. However, consequent death crosses led Ethereum down to the $1,554 support. Much like the last few days, Ethereum consolidated, but instead of breaking out upward, it abandoned its supports consistently.

Chart 1- Published on TradingView, April 09, 2025

The RSI reveals that the selling pressure is still dominating Ethereum’s price movements. Ethereum first found support at $1,554, then dropped to $1,451, and finally, with another trading range, fell to $1,398 at the end. The buying pressure in the last 12-14 hours has been infinitesimal for Ethereum, and any uptrends have met strong downturns. Despite touching oversold zones a few times, ETH could not sustain any uptrend. 

ETH Price Prediction: Price Could Tank Further

As of the latest update, the Ethereum price is testing the $1,482 resistance. The RSI levels are overbought, which means ETH will not be breaking out of this resistance just yet. If we base the prediction on historical performance, a break below the support level is very likely. In other words, analysts predicting an ETH bottom soon may be right after all. 

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