• bitcoinBitcoin (BTC) $ 110,508.00
  • ethereumEthereum (ETH) $ 4,295.27
  • tetherTether (USDT) $ 1.00
  • xrpXRP (XRP) $ 2.82
  • bnbBNB (BNB) $ 862.49
  • solanaSolana (SOL) $ 202.40
  • usd-coinUSDC (USDC) $ 0.999709
  • staked-etherLido Staked Ether (STETH) $ 4,288.16
  • dogecoinDogecoin (DOGE) $ 0.217159
  • tronTRON (TRX) $ 0.323715
  • cardanoCardano (ADA) $ 0.824348
  • wrapped-stethWrapped stETH (WSTETH) $ 5,200.03
  • chainlinkChainlink (LINK) $ 22.33
  • wrapped-beacon-ethWrapped Beacon ETH (WBETH) $ 4,624.35
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 110,447.00
  • ethena-usdeEthena USDe (USDE) $ 1.00
  • hyperliquidHyperliquid (HYPE) $ 46.83
  • figure-helocFigure Heloc (FIGR_HELOC) $ 1.00
  • suiSui (SUI) $ 3.37
  • bitcoin-cashBitcoin Cash (BCH) $ 593.72
  • wrapped-eethWrapped eETH (WEETH) $ 4,608.18
  • stellarStellar (XLM) $ 0.358446
  • avalanche-2Avalanche (AVAX) $ 24.53
  • wethWETH (WETH) $ 4,293.96
  • hedera-hashgraphHedera (HBAR) $ 0.217708
  • crypto-com-chainCronos (CRO) $ 0.266088
  • leo-tokenLEO Token (LEO) $ 9.58
  • litecoinLitecoin (LTC) $ 112.69
  • usdsUSDS (USDS) $ 0.999612
  • the-open-networkToncoin (TON) $ 3.08
  • shiba-inuShiba Inu (SHIB) $ 0.000012
  • binance-bridged-usdt-bnb-smart-chainBinance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 1.00
  • world-liberty-financialWorld Liberty Financial (WLFI) $ 0.224153
  • whitebitWhiteBIT Coin (WBT) $ 42.28
  • coinbase-wrapped-btcCoinbase Wrapped BTC (CBBTC) $ 110,488.00
  • polkadotPolkadot (DOT) $ 3.85
  • ethena-staked-usdeEthena Staked USDe (SUSDE) $ 1.20
  • uniswapUniswap (UNI) $ 9.41
  • ethenaEthena (ENA) $ 0.740104
  • moneroMonero (XMR) $ 270.08
  • aaveAave (AAVE) $ 300.48
  • daiDai (DAI) $ 0.999441
  • bitget-tokenBitget Token (BGB) $ 4.84
  • okbOKB (OKB) $ 205.80
  • pepePepe (PEPE) $ 0.000010
  • mantleMantle (MNT) $ 1.15
  • memecoreMemeCore (M) $ 1.91
  • ethereum-classicEthereum Classic (ETC) $ 20.34
  • bittensorBittensor (TAO) $ 320.84
  • nearNEAR Protocol (NEAR) $ 2.43
  • jito-staked-solJito Staked SOL (JITOSOL) $ 248.62
  • polygon-ecosystem-tokenPOL (ex-MATIC) (POL) $ 0.279297
  • aptosAptos (APT) $ 4.23
  • ondo-financeOndo (ONDO) $ 0.903597
  • usdt0USDT0 (USDT0) $ 1.00
  • pi-networkPi Network (PI) $ 0.344864
  • usd1-wlfiUSD1 (USD1) $ 0.999161
  • arbitrumArbitrum (ARB) $ 0.494888
  • binance-peg-wethBinance-Peg WETH (WETH) $ 4,294.82
  • internet-computerInternet Computer (ICP) $ 4.80
  • story-2Story (IP) $ 8.15
  • binance-staked-solBinance Staked SOL (BNSOL) $ 216.93
  • blackrock-usd-institutional-digital-liquidity-fundBlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
  • cosmosCosmos Hub (ATOM) $ 4.45
  • susdssUSDS (SUSDS) $ 1.07
  • kaspaKaspa (KAS) $ 0.078202
  • vechainVeChain (VET) $ 0.023522
  • gatechain-tokenGate (GT) $ 16.88
  • jupiter-perpetuals-liquidity-provider-tokenJupiter Perpetuals Liquidity Provider Token (JLP) $ 5.41
  • worldcoin-wldWorldcoin (WLD) $ 0.999531
  • algorandAlgorand (ALGO) $ 0.228905
  • rocket-pool-ethRocket Pool ETH (RETH) $ 4,894.84
  • fasttokenFasttoken (FTN) $ 4.50
  • kinetic-staked-hypeKinetiq Staked HYPE (KHYPE) $ 46.94
  • pudgy-penguinsPudgy Penguins (PENGU) $ 0.028911
  • kucoin-sharesKuCoin (KCS) $ 14.24
  • kelp-dao-restaked-ethKelp DAO Restaked ETH (RSETH) $ 4,514.31
  • render-tokenRender (RENDER) $ 3.44
  • sei-networkSei (SEI) $ 0.292506
  • bfusdBFUSD (BFUSD) $ 0.999601
  • skySky (SKY) $ 0.072010
  • official-trumpOfficial Trump (TRUMP) $ 8.42
  • falcon-financeFalcon USD (USDF) $ 0.999240
  • pump-funPump.fun (PUMP) $ 0.004654
  • filecoinFilecoin (FIL) $ 2.37
  • stakewise-v3-osethStakeWise Staked ETH (OSETH) $ 4,517.67
  • usdtbUSDtb (USDTB) $ 0.998734
  • fetch-aiArtificial Superintelligence Alliance (FET) $ 0.613090
  • flare-networksFlare (FLR) $ 0.021465
  • bonkBonk (BONK) $ 0.000020
  • jupiter-exchange-solanaJupiter (JUP) $ 0.499062
  • liquid-staked-ethereumLiquid Staked ETH (LSETH) $ 4,639.28
  • lombard-staked-btcLombard Staked BTC (LBTC) $ 110,447.00
  • renzo-restaked-ethRenzo Restaked ETH (EZETH) $ 4,539.19
  • polygon-bridged-usdt-polygonPolygon Bridged USDT (Polygon) (USDT) $ 0.999884
  • fourFour (FORM) $ 3.69
  • xdce-crowd-saleXDC Network (XDC) $ 0.078610
  • tether-goldTether Gold (XAUT) $ 3,604.94
  • optimismOptimism (OP) $ 0.722695
  • injective-protocolInjective (INJ) $ 13.10
  • hash-2Provenance Blockchain (HASH) $ 0.026050
  • nexoNEXO (NEXO) $ 1.27
  • celestiaCelestia (TIA) $ 1.62
  • mantle-staked-etherMantle Staked Ether (METH) $ 4,603.97
  • paypal-usdPayPal USD (PYUSD) $ 0.999750
  • wbnbWrapped BNB (WBNB) $ 862.63
  • jupiter-staked-solJupiter Staked SOL (JUPSOL) $ 229.80
  • blockstackStacks (STX) $ 0.627451
  • solv-btcSolv Protocol BTC (SOLVBTC) $ 110,019.00
  • first-digital-usdFirst Digital USD (FDUSD) $ 0.997325
  • spx6900SPX6900 (SPX) $ 1.16
  • syrupusdcSyrupUSDC (SYRUPUSDC) $ 1.12
  • curve-dao-tokenCurve DAO (CRV) $ 0.763010
  • binance-bridged-usdc-bnb-smart-chainBinance Bridged USDC (BNB Smart Chain) (USDC) $ 0.999768
  • lido-daoLido DAO (LDO) $ 1.17
  • pax-goldPAX Gold (PAXG) $ 3,624.82
  • aerodrome-financeAerodrome Finance (AERO) $ 1.16
  • immutable-xImmutable (IMX) $ 0.522766
  • pyth-networkPyth Network (PYTH) $ 0.171618
  • sonic-3Sonic (S) $ 0.300265
  • super-oethSuper OETH (SUPEROETH) $ 4,294.38
  • saros-financeSaros (SAROS) $ 0.360809
  • the-graphThe Graph (GRT) $ 0.088815
  • msolMarinade Staked SOL (MSOL) $ 267.60
  • arbitrum-bridged-wbtc-arbitrum-oneArbitrum Bridged WBTC (Arbitrum One) (WBTC) $ 110,324.00
  • conflux-tokenConflux (CFX) $ 0.173856
  • flokiFLOKI (FLOKI) $ 0.000091
  • raydiumRaydium (RAY) $ 3.23
  • kaiaKaia (KAIA) $ 0.146772
  • clbtcclBTC (CLBTC) $ 111,112.00
  • pancakeswap-tokenPancakeSwap (CAKE) $ 2.41
  • cgeth-hashkey-cloudcgETH Hashkey Cloud (CGETH.HASH) $ 4,148.83
  • l2-standard-bridged-weth-baseL2 Standard Bridged WETH (Base) (WETH) $ 4,292.17
  • dogwifcoindogwifhat (WIF) $ 0.823309
  • ether-fi-staked-ethether.fi Staked ETH (EETH) $ 4,254.11
  • theta-tokenTheta Network (THETA) $ 0.789485
  • pendlePendle (PENDLE) $ 4.62
  • zcashZcash (ZEC) $ 46.96
  • tezosTezos (XTZ) $ 0.711504
  • virtual-protocolVirtuals Protocol (VIRTUAL) $ 1.14
  • galaGALA (GALA) $ 0.016169
  • vaultaVaulta (A) $ 0.466898
  • ethereum-name-serviceEthereum Name Service (ENS) $ 22.23
  • iotaIOTA (IOTA) $ 0.183708
  • fartcoinFartcoin (FARTCOIN) $ 0.735785
  • ripple-usdRipple USD (RLUSD) $ 0.999315
  • ousgOUSG (OUSG) $ 112.47
  • the-sandboxThe Sandbox (SAND) $ 0.287217
  • usdx-money-usdxStables Labs USDX (USDX) $ 0.999500
  • ondo-us-dollar-yieldOndo US Dollar Yield (USDY) $ 1.09
  • jito-governance-tokenJito (JTO) $ 1.81
  • jasmycoinJasmyCoin (JASMY) $ 0.013928
  • arbitrum-bridged-weth-arbitrum-oneArbitrum Bridged WETH (Arbitrum One) (WETH) $ 4,293.97
  • morphoMorpho (MORPHO) $ 2.00
  • stader-ethxStader ETHx (ETHX) $ 4,586.65
  • tbtctBTC (TBTC) $ 110,277.00
  • newton-projectAB (AB) $ 0.008574
  • flowFlow (FLOW) $ 0.403932
  • build-onBUILDon (B) $ 0.634404
  • decentralandDecentraland (MANA) $ 0.328653
  • bittorrentBitTorrent (BTT) $ 0.00000063
  • loaded-lionsLoaded Lions (LION) $ 0.020102
  • walrus-2Walrus (WAL) $ 0.424675
  • coinbase-wrapped-staked-ethCoinbase Wrapped Staked ETH (CBETH) $ 4,725.09
  • mantle-restaked-ethMantle Restaked ETH (CMETH) $ 4,608.42
  • usual-usdUsual USD (USD0) $ 0.997908
  • swethSwell Ethereum (SWETH) $ 4,676.73
  • syrupMaple Finance (SYRUP) $ 0.498358
  • binance-peg-dogecoinBinance-Peg Dogecoin (DOGE) $ 0.217007
  • beldexBeldex (BDX) $ 0.074317
  • global-dollarGlobal Dollar (USDG) $ 0.999850
  • ether-fiEther.fi (ETHFI) $ 1.16
  • bitcoin-svBitcoin SV (BSV) $ 25.50
  • bitcoin-avalanche-bridged-btc-bAvalanche Bridged BTC (Avalanche) (BTC.B) $ 110,481.00
  • starknetStarknet (STRK) $ 0.123309
  • vision-3Vision (VSN) $ 0.152149
  • true-usdTrueUSD (TUSD) $ 0.996437
  • frax-etherFrax Ether (FRXETH) $ 4,263.20
  • solv-protocol-solvbtc-bbnSolv Protocol Staked BTC (XSOLVBTC) $ 109,706.00
  • mantle-bridged-usdt-mantleMantle Bridged USDT (Mantle) (USDT) $ 1.00
  • superstate-short-duration-us-government-securities-fund-ustbSuperstate Short Duration U.S. Government Securities Fund (USTB) (USTB) $ 10.81
  • dydx-chaindYdX (DYDX) $ 0.599321
  • polygon-pos-bridged-weth-polygon-posPolygon PoS Bridged WETH (Polygon POS) (WETH) $ 4,297.33
  • telcoinTelcoin (TEL) $ 0.005051
  • apecoinApeCoin (APE) $ 0.582779
  • usddUSDD (USDD) $ 1.00
  • neoNEO (NEO) $ 6.54
  • eigenlayerEigenCloud (prev. EigenLayer) (EIGEN) $ 1.38
  • reserve-rights-tokenReserve Rights (RSR) $ 0.007461
  • apenftAPENFT (NFT) $ 0.00000045
  • based-brettBrett (BRETT) $ 0.044457
  • polygon-pos-bridged-dai-polygon-posPolygon PoS Bridged DAI (Polygon POS) (DAI) $ 0.999509
  • arweaveArweave (AR) $ 6.55
  • savings-daiSavings Dai (SDAI) $ 1.17
  • benqi-liquid-staked-avaxBENQI Liquid Staked AVAX (SAVAX) $ 30.00
  • coredaoorgCore (CORE) $ 0.421777
  • bybit-staked-solBybit Staked SOL (BBSOL) $ 223.42
  • thorchainTHORChain (RUNE) $ 1.21
  • heliumHelium (HNT) $ 2.28
  • bridged-usdc-polygon-pos-bridgeBridged USDC (Polygon PoS Bridge) (USDC.E) $ 0.999709

Chinese Analyst Assesses Ethereum’s Status, Says “Whales Have Run Out of Purchasing Power” – Here’s What He Expects

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Chinese Analyst Assesses Ethereum’s Status, Says “Whales Have Run Out of Purchasing Power” – Here’s What He Expects

Ethereum (ETH) investors who opened positions at high price levels have largely run out of purchasing power, according to Chinese on-chain data analyst Murphy, raising concerns about ETH’s ability to stage a strong recovery.

Murphy posted statistical data on social media, revealing that the average cost basis for ETH positions created between January and February 2025 ranged from $3,200 to $3,500. A significant cluster of addresses significantly increased their holdings to $3,475 by accumulating approximately 1.66 million ETH. This group did not buy the dip when ETH dropped to $1,900 and currently hold 1.94 million ETH, reducing their average cost to $3,150.

Meanwhile, addresses that opened positions in mid-February 2025 had entry costs ranging from $2,600 to $2,800. As the price of ETH fell below $2,300, this group began to offload their holdings. Currently, only positions at $2,800 (1 million ETH) and $2,630 (850,000 ETH) remain unchanged.

As ETH continues its downward trend, new demand has weakened significantly, especially as the price has dropped below $2,000. Data suggests that buying interest has almost disappeared at these levels.

Murphy explained that investors who accumulated ETH at higher price points have now exhausted their purchasing power after a series of attempts to reduce their costs on average. The $1,850 price level represents the cost basis for a large group of investors who established positions two years ago. When ETH approaches this level, they tend to buy back previously sold portions to reduce their overall costs, potentially creating a support zone. However, if $1,850 cannot hold, ETH could slide toward $1,600 or even $1,250, where the accumulation from three years ago could provide the last major support, according to the analyst.

According to Murphy, the market recovery depends on rebuilding investor confidence in the long-term value of ETH. Without a renewed consensus, large accumulations at $2,630, $2,800, and $3,150 could act as significant resistance and limit any potential recovery.

*This is not investment advice.

Source

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