In the midst of a general crypto market uptake, Ethereum (ETH) has registered a significant price increase in recent months. Since Bitcoin began a marketing feedback in early April, ETH has followed, with its trading price increased by over 80%. In more haussearted developments, the popular crypto analyst Burak Kesmeci has noted a positive event on the chain that signals a further price estimate in the future.
Ethereum Sopr holds over 1 – what does it mean?
In one X post On May 24, Kesmeci will provide a Hausse pre -preparation of the Ethereum Prize based on the asset’s useful production gain (Sopr), which is currently signaling a positive investor’s feeling. Sopr is calculated by dividing the sale price on tokens with their acquisition price. A value above 1 indicates that ETH sold is on average in profit, while a value below 1 suggests that investors realize losses.
Therefore, a long -term movement over this threshold signals a strong marketing believers that can induce large haus -like price developments because Ethereum sellers operate from a strength with the lack of press that would have been in a sinking market.
Burak Kesmecip notes that Ethereum’s Sopr has continuously fluctuated around the neutral 1.0 mark 2025, which reflects the period for market uncertainty. However, after the government of the Crypto Bull market, this on-chain-metric has achieved a consistent positioning above 1.0, suggesting a shift in market dynamics.
It is important that Kesmeci says that this development indicates that Ethereum’s latest trend is “healthy and sustainable”. This can be attributed to the fact that investors distribute their symbols at higher prices, which allows the market to witness strategic profit -making rather than panic sales.
Currently, Ethereum’s Sopr stands at 1.02. If investors’ marketing activity can increase or maintain this value, Kesmeci supports the prominent Altcoin to maintain an upward track for the near future.
Ethereum Price overview
At the time of writing, Ethereum is valued at $ 2523 after a small price decline of 0.60% over the past 24 hours. Meanwhile altcoin remain profitable On larger time frames with winnings of 2.20% and 42.96% on the respective weekly and monthly time frames.
At present, Ethereum is facing its next major resistance of the $ 2,700 level, an price zone that has served as a rejection point twice over the past three weeks. A crucial outbreak over this resistance would reinforce the hausse -like momentum, Provides more rare fuel for a potential re -tasting of the $ 4000 region, which is a critical price level in the current market cycle.
Image from iStock, chart from tradingview
Editorial process For Bitcoinist is centered on delivering thoroughly investigated, correct and impartial content. We maintain strict purchasing standards, and each page undergoes frequent review of our team of top technological experts and experienced editors. This process ensures integrity, relevance and value of our content for our readers.
