Ethereum's price is approaching the realized cost for whale holders with over 100,000 ETH, marking the fourth such occurrence since 2021. According to CryptoQuant, this level, currently around $2,500, has historically served as a structural support during significant trend shifts. As of now, Ethereum is trading at $3,238, encountering resistance from key moving averages. This price point could indicate potential accumulation or a reversal in the market trend.