Ethereum’s Key Support Zone: Insights from On-Chain Data

• ETH’s $2,400–$2,800 range identified as a key support zone via Glassnode heatmap.
• Legislative support from the GENIUS Act could boost institutional ETH adoption.
• Long-term bullish trend intact if support holds above $2,800.

Ethereum (ETH) is drawing attention from crypto analysts and investors, with on-chain data pointing to a critical support zone between $2,400 and $2,800. This insight stems from a recent heatmap shared by @ali_charts on X, sourced from Glassnode, which visualizes the cost basis distribution of ETH holders.

The data, updated as of July, 2025, aligns with a Bitget report highlighting $2,500 as a strong accumulation zone amid recent market volatility. This range represents where a significant number of ETH holders acquired their assets, suggesting a psychological and technical floor that could resist further price declines.

The Glassnode heatmap leverages advanced on-chain analytics, including proprietary wallet clustering algorithms, to provide a granular view of market behavior. This support zone is particularly relevant as ETH consolidates, with current prices hovering around $3,644 according to a July 24, 2025, BitcoinEthereumNews article. The long-term ascending channel since 2018, with dynamic support above $2,800, further bolsters the bullish outlook, indicating ETH’s resilience despite short-term corrections. The $2,400–$2,800 range could serve as a launchpad for a potential breakout above the $4,100 resistance level if bullish momentum builds.

Adding to the positive sentiment, recent legislative developments may enhance ETH’s market position. The GENIUS Act, passed by the Senate on July 23, 2025, as reported by Yahoo Finance, aims to regulate stablecoins and tokenized assets—areas where Ethereum dominates. This could attract institutional capital, reinforcing the identified support zone as demand grows. With a market cap of $438.71 billion and daily trading volume near $45.66 billion, ETH remains well-positioned for upward movement, provided it maintains support above this key range.

As the crypto market evolves, on-chain data and regulatory clarity will be pivotal. Investors should monitor this support zone closely, as it may dictate ETH’s next significant move in the coming weeks.

Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.