According to glassnode, Ethereum's +1σ Active Realized Price band, currently at $4,500, represents a crucial resistance level for the ongoing rally. This threshold served as a resistance point in March 2024 and during the 2020–21 bull cycle. Historically, breakouts above this level have been associated with heightened market euphoria and an increased risk of structural instability, indicating that traders should closely monitor ETH price action as it approaches or surpasses this point (source: glassnode).

According to glassnode, Ethereum (ETH) broke above its Realized Price at $1,900 in May 2025, signaling that the average ETH holder is now in profit—a key bullish indicator for traders. The price has also surpassed the True Market Mean at $2,400, reinforcing positive momentum. However, glassnode highlights that reclaiming the Active Realized Price at $2,900 is crucial for further market confidence and sustained upward movement. Traders should watch for a confirmed breakout above $2,900 as a strong signal of continued bullish sentiment in the ETH market (source: glassnode, May 23, 2025).