Ethereum tests critical resistance level: Will bulls break out past $2,500?
Ethereum [$ETH] has expanded northward from a major accumulation zone, data showed. The exchange reserves continued to fall, signaling $ETH accumulation was ongoing. Source: CryptoQuant The Coinbase Premium Index was close to zero but not yet in positive territory. A sustained period of CB Premium above zero was last seen in October. At that time, Ethereum had been trading in the $2,200-$2,400 area, the same place it is at right now. The negative readings in recent months meant that demand from U.S.-based investors was weaker compared to demand on Binance. In the past, prominent $ETH bull runs, such as June-July 2025, have been accompanied by strongly positive Coinbase Premium Index readings. If the $2,400 supply zone ceiling is cleared, it is possible that another such run could commence. Spot demand helps drive a strong rebound Crypto intelligence platform Alphractal pointed out that the current Ethereum investor price was at around $1,700. This is defined as the average acquisition price of $ETH held by economically active investors. Source: Alphractal on X The chart above shows that, after testing the investor price in June, $ETH prices have made a decisive rally. Historically, touches of this level, or dips below it, have represented major accumulation zones. The positive reaction from this price









