Ethereum Whales’ Average Entry Prices Cluster in $1,900-$2,400 Range: Analyst

BitcoinWorld Ethereum Whales’ Average Entry Prices Cluster in $1,900-$2,400 Range: Analyst Recent on-chain analysis suggests that Ethereum (ETH) whales—addresses holding more than 100 ETH—have their average entry prices clustered in the $1,900-$2,400 range.

This observation, shared by crypto analyst Murphy on X, provides insight into potential support levels and the mindset of large holders during the current market downturn. Whale Cost Basis Breakdown According to Murphy’s analysis, the average entry price varies by wallet size.

Addresses holding between 100 and 1,000 ETH have an estimated average entry of $1,900. For those with 1,000 to 10,000 ETH, the figure rises to $2,000.

Wallets holding 10,000 to 100,000 ETH show an average entry of $2,100, while the largest holders—those with more than 100,000 ETH—have an average cost basis of $2,400. These levels represent the purchase prices at which these significant investors accumulated their positions.