Ethereum price crosses above realized price after 108 days

Ethereum is doing something the coin has not done in 108 days: the price is closing above the so-called realized price. That is the average purchase price of all Ethereum on the network, based on on-chain transactions. The last time this happened was on 14 May. If the daily close holds, Ethereum holders are back in profit on average for the first time in more than three months.

Ethereum is available at OKX and Bybit.

In short:

• The Ethereum price crosses above the realized price for the first time in 108 days.
• This means the average holder on the network is now sitting on unrealised profit.
• Analysts see this as a structural shift in the network’s on-chain position, not a price target.

What is the realized price and why does it matter?

The realized price is an on-chain metric that tracks the average price at which all Ethereum on the network last moved. If the market price falls below it, the average holder is at a paper loss. If the price rises above it, the opposite is the case.

Ethereum is currently trading around $2.500, up more than 1.4% in the past 24 hours. That is enough to move above the realized price, a level the coin had been unable to reclaim over the past 107 days.

Structural shift, no guarantee

Analytics firm Alphractal, which flagged the move via its own on-chain charts, describes it as a structural shift in the network’s position. The average holder on the Ethereum network is therefore back in unrealised profit.

Alphractal explicitly makes clear that this is not a price target or a guarantee. It concerns a change in the network’s on-chain structure, similar to earlier analyses around the realized cap of Bitcoin, which also provides insight into the behaviour of holders at the network level.

Whether the daily close above the realized price holds will determine whether the 108-day streak is officially broken. Investors who follow this kind of on-chain level typically view such a transition as a sign that sentiment at the network level is improving.