Ethereum price steadies after reclaiming $2,300 on-chain cost basis — what it means for ETH

BitcoinWorld Ethereum price steadies after reclaiming $2,300 on-chain cost basis — what it means for ETH Ethereum’s price rally has cooled after reclaiming the $2,300 on-chain cost basis, a key level that reflects the average acquisition price of all ETH tokens, signaling a potential shift in market dynamics as of March 2025.

Understanding the $2,300 on-chain cost basis The $2,300 level is not just a psychological price point; it represents the realized price, or the average cost at which all ETH currently in circulation was last moved.

When the market price rises above this level, it means the average holder is back in profit, which can influence selling behavior and market sentiment.

According to on-chain analytics, the recent reclaim of this level indicates that a significant portion of ETH holders are now in a profitable position.