Ethereum Support at $1.9K, Resistance at $2.2K, Data Shows

Short-Term Outlook: $1.9K as a Key Level for Ethereum

Ethereum’s price has recently experienced fluctuations, briefly dipping below the $1.88K accumulation zone. However, Glassnode notes that there was minimal engagement at this level. Instead, fresh accumulation activity was observed at $1.9K, where addresses absorbed between 600,000 to 700,000 ETH. This suggests that $1.9K could solidify as a short-term support zone for Ethereum if the current price range holds.

• Support Zone at $1.9K: Ethereum has seen fresh accumulation at $1.9K, indicating a potential short-term support zone.
• Resistance at $2.2K: The next major resistance level is at $2.2K, where approximately 465,000 ETH is held. A move towards this resistance is plausible if market conditions remain stable.
• Thin Gap Between Support and Resistance: The gap between the $1.9K support and $2.2K resistance remains relatively thin, suggesting a possible short-term move toward resistance.

Six-Month Trend: Accumulation Over Redistribution

A broader analysis of Ethereum’s cost basis trends over the last six months reveals a clear pattern of strategic accumulation. Addresses that previously held Ethereum at the $3.4K level in January have gradually adjusted their cost basis downward to $3.1K, now collectively holding 1.7 million ETH at that level. This adjustment indicates that these addresses bought the dip to lower their average buying price, signaling long-term confidence in Ethereum’s value.

• Cost Basis Adjustment: Addresses that purchased ETH at $3.4K in January have lowered their cost basis to $3.1K, holding 1.7 million ETH at that level.
• Inactive $1.8K Cluster: The $1.8K supply cluster, containing 1.5 million ETH, has remained dormant since November 2024. However, early March 2025 saw a resurgence in activity, suggesting renewed investor interest.

Three-Year Perspective: Strategic Buying Patterns

Looking at a longer time frame, Glassnode’s data highlights that Ethereum investors have consistently purchased ETH during market dips and refrained from selling at local tops. Key accumulation zones over the past three years include:

• $2.9K in April 2024: Ethereum investors accumulated at the $2.9K level, signaling long-term confidence.
• $2.4K in November 2024: Another major accumulation point occurred at $2.4K in November 2024.
• $1.8K in March 2025: A resurgence in activity at the $1.8K level in March 2025 further underscores ongoing investor interest.

Conclusion: Will $1.9K Hold as Support for Ethereum?

Ethereum’s price dynamics are heavily influenced by strategic accumulation at key price levels. With $1.9K emerging as a potential short-term support level and $2.2K acting as resistance, the outlook for Ethereum largely depends on whether the buying interest at these levels persists. Glassnode’s data suggests that Ethereum’s long-term value proposition remains strong, with sustained accumulation patterns indicating confidence in the asset’s future growth potential.

As Ethereum continues to consolidate at these key levels, investors should monitor the price action closely. If the support at $1.9K holds, Ethereum could see a potential breakout toward higher price levels. However, any significant shift in buying behavior or market sentiment could alter the current trajectory.