Ethereum Long-Term Cost Basis Is Stable: Structural Floor Near $2.8K
Ethereum is fighting to recoup $3,100 as price action tightens and the market awaits a clear move. Analysts are split on what to do with ETH after weeks of tumultuous trading between fading bullish efforts and overhead resistance. A minority anticipates Ethereum to recover and challenge its all-time highs, while the prevailing narrative predicts a bleak 2026 with decreasing demand and less liquidity.
CryptoQuant reports break through short-term noise with a longer-term view. The research utilizes Ethereum's Accumulating Addresses Realized Price, which measures the average cost basis of addresses that collect ETH rather than exchange it. This statistic shows long-term capital commitment, unlike momentum indicators.
Significantly, this cumulative cost has increased after 2020. Despite the 2022–2023 ETH price drop, long-term holders stood firm. This conduct created a solid market base.
This realized price has steadied at $2,700–$2,800, creating a structural cost zone for Ethereum. The market must decide if this long-term support will hold price or whether changing macro factors will overthrow a decades-old regime as ETH hovers slightly above this region.
Long-term Ethereum accumulation regime faces critical test The research claims Ethereum discussion is changing. Not if the $2,700–$2,800 accumulation zone persists in the medium term, but whether this accumulation regime can last. According to CryptoQuant, Ethereum distinguishes out from the altcoin market in this context.
Most cryptocurrencies have seen substantial drawdowns since 2022 without a stable accumulating cost foundation. Because of inconsistent long-term purchasing, cryptocurrency recoveries have been weaker and more unstable. Ethereum, however, has maintained long-term holder belief during many stress periods, including 2018, 2020, 2022, and 2025's volatility.
Markets change, and structural regimes end. During seeming stability, underlying assumptions are most susceptible to change. Two future situations stand out.
