Risk of Capitulation Looms for Ethereum if It Falls Below $1,843, On-Chain Data Shows

IntoTheBlock's analysis shows a strong support zone for Ethereum at around $1,843, where 3.56 million ETH are held. Ethereum remains under pressure as the broader crypto market struggles to regain stability. The asset is currently trading around $1,900, experiencing noticeable fluctuations throughout the day. Despite a brief surge to $1,920, Ethereum retraced later. A drop below $1,880 was observed, but the quick rebound suggests some buying interest at lower levels. Key Support and Resistance Levels Amid Ethereum’s struggles, IntoTheBlock's "In/Out of the Money Around Price" analysis provides insights into Ethereum's support and resistance zones. The data identifies a significant accumulation zone between $1,843 and $1,900.  In this range, market participants acquired approximately 3.56 million ETH, with around 4.64 million addresses holding assets. This concentration suggests a strong support zone below $1,900. Per IntoTheBlock, if Ethereum breaks below this level, the risk of further declines increases as demand weakens beyond this point. Meanwhile, another financial analysis categorizes Ethereum holders based on profitability. Currently, 85.9 million addresses, or 64.94%, remain profitable, having acquired ETH at a lower price than the current market value.  In contrast, 39.94 million addresses, or 29.97%, are at a loss, having purchased ETH at a higher price. Additionally, 6.73 million addresses, or 5.09%, are at breakeven levels. These holders face a critical decision point—whether to sell and add to selling pressure or hold in anticipation of a price rebound.

Ethereum Staking is Surging Elsewhere, Ethereum staking activity continues to grow, reflecting confidence in the network’s long-term stability. The number of depositors in the staking contract has increased by 0.44% over the past seven days.

Over the last 30 days, staking participation has risen by 2.11%, while the 90-day increase stands at 6.45%. This steady growth highlights ongoing adoption and sustained interest in Ethereum staking incentives.