Key Insights:
- Ethereum finds short-term support near $1.9K as accumulation rises
- Long-term holders lower cost basis to $3.1K, holding 1.7M ETH
- ETH’s multi-year accumulation shows investors buying market dips
A fresh analysis of Ethereum’s cost basis distribution reveals that $1.9K and $3.1K have become significant price points as long-term holders continue to accumulate at strategic levels.
Despite recent market fluctuations, these patterns indicate possible entry points for investors who want to purchase at lower prices.
Ethereum Finds Short-Term Support Near $1.9K
In one week, Ethereum fell below its significant $1.88K accumulation area, yet the addresses within this range showed no reaction to indicate substantial buying or selling activity.
However, a new accumulation area has developed at $1.9K, where investors purchased between 600K and 700K ETH.
This suggests the $1.9K level appears as a reasonable entry point for buyers, as they continue to accumulate at this level. The cryptocurrency maintaining its position above $1.9K could function as temporary support to stop additional price drops.
On the other hand, ETH’s price drop below $1.9K could trigger a decline toward the next significant support zone at $1.8K because the current market demand might not be sufficient to halt the downward movement.
Long-Term Holders Adjust Cost Basis Around $3.1K
Zooming out, the six-month timeframe reveals a significant change in ETH holder cost basis levels. Back in January 2025, there was a large supply cluster at $3.4K, but over two months, those addresses lowered their cost basis to $3.1K, now holding 1.7M ETH at that level.
This means many investors who purchased the token at higher prices continue to hold their positions while potentially executing sales at peak prices to repurchase at lower levels.
Meanwhile, another 1.5M ETH supply cluster at $1.8K has been inactive since November 2024 until it reactivated in March 2025.
The accumulation pattern indicates that long-term investors maintain control over their cost basis rather than engaging in panic sales.
ETH’s recovery could transform $3.1K into a significant resistance point because investors would aim to recoup their investments or take profits.
Ethereum’s Multi-Year Accumulation Trends Show Smart Money Moves
Multi-year accumulation patterns of Ethereum demonstrate that investors have chosen to accumulate their positions during major market downturns instead of buying at peak prices.
Over the past three years, significant accumulation of ETH occurred at $2.9K in April 2024, followed by $2.4K in November 2024 and, most recently, $1.8K in March 2025.
This accumulation pattern demonstrates that the token holders choose to buy during price drops instead of pursuing price increases.
The historical data shows that long-term investors who purchased ETH during its price declines achieved success because of their strategy.
What’s Next for Ethereum?
The accumulation zones in Ethereum’s cost basis data demonstrate that investors are preparing for future market recovery. A price rebound may occur if $1.9K maintains its position, but any price drop below this threshold could lead to a $1.8K retest.
Meanwhile, the $3.1K price point functions as a crucial resistance level where long-term investors tend to cash out their positions. The accumulation clusters serve as essential price turning points that traders should monitor because they indicate significant Ethereum market movements.
Disclaimer
This article is for informational purposes only and provides no financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your research before making any financial decisions.
