Ethereum price is likely to end 2025 with a double-digit decline, but the start of the new year seems to be a more worrying theme. A prominent on-chain analyst has identified key price levels that could determine the future of ETH in the coming months.
3 critical support zones for ETH price
In a new post on social media platform According to on-chain analysis experts, ETH price is currently holding three important on-chain support levels.
First, Wesson highlighted that the MVRV (Market Value vs. Realized Value) Z-score provides insight into whether an asset is overvalued or undervalued, suggesting that the Ethereum price is right at its final support cushion. According to the cryptocurrency’s founder, if this level fails, the price of ETH could suffer a sharp decline.
Source: @joao_wedson on X
Mr. Wesson also said: Market capitalization growth ratereflects the actual expansion of Ethereum’s market capitalization over time and tests important structural support levels. Alpharaktal’s CEO revealed that a break below this support would signal weakening capital inflows, indicating that downside pressure could be imminent.
Additionally, crypto analysts pointed out that delta growth rate, which is a metric that measures the divergence between realized cap growth and market capitalization growth and generates an on-chain alpha signal, is also supported. “A decline of this level signals a possible exit of speculative funds from the market, increasing the likelihood of a future capitulation phase,” Wesson added.
According to cryptocurrency experts, if these on-chain infrastructures break, the price of Ethereum will very likely drop below $2,000. A correction of more than 30% from current price levels becomes even more likely as supply pressure increases in response to falling demand heading into the new year.
The founder of the blockchain company did not rule out the idea of taking long positions in the Ethereum market at current price levels, especially for investors with a high risk appetite. At the same time, Wesson said the broader outlook leaves Ethereum price vulnerable.
Ethereum price overview
Ethereum price is currently down more than 40% from its all-time high of $4,946. This record reflects the struggles of the second-largest cryptocurrency, and perhaps the broader market, in the final quarter of 2025. As of this writing, ETH is worth around $2,940 and has not seen any significant movement in the past 24 hours.
The price of ETH on the daily timeframe | Source: ETHUSDT chart on TradingView
Featured image from iStock, chart from TradingView
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