Ethereum SOPR Indicates Strength, Signaling Potential for Further Gains – Insights Inside
Trusted editorial content, evaluated by esteemed industry professionals and experienced editors. Ad Disclosure
In the midst of a general upward trend in the crypto market, Ethereum (ETH) has seen remarkable price gains over the last few months. Following Bitcoin’s market recovery that began in early April, ETH has also surged, experiencing an increase of more than 80%. Adding to the positive outlook, renowned crypto analyst Burak Kesmeci has pointed out a favorable on-chain event indicating potential further price appreciation.
Ethereum SOPR Maintains Levels Above 1 – What Implications Does This Have?
In an X post dated May 24, Kesmeci shares a bullish ETH price forecast based on the asset’s Spent Output Profit Ratio (SOPR), which currently reflects favorable investor sentiment. The SOPR is determined by the ratio of the selling price of tokens to their purchase price. A value above 1 indicates that ETH being sold yields average profits, whereas a value below 1 shows that investors are incurring losses.
Hence, a sustained presence above this benchmark demonstrates strong market confidence, which could lead to significant bullish price movements, as ETH sellers operate from a position of strength, free from the pressure typical in a declining market.
Kesmeci emphasizes that in 2025, Ethereum’s SOPR has consistently hovered around the neutral 1.0 mark, illustrating a phase of market uncertainty. However, with the resurgence of the crypto bull market, this on-chain measure has maintained a position above 1.0, indicating a shift in market conditions.
Crucially, Kesmeci notes that this trend demonstrates that Ethereum’s recent upward movement is “healthy and sustainable.” This is largely due to investors strategically distributing their tokens at elevated prices, allowing for calculated profit-taking instead of panic selling.
Currently, Ethereum’s SOPR is registered at 1.02. If investor activity can maintain or elevate this figure, Kesmeci is optimistic that this prominent altcoin will continue its upward trajectory in the near term.
Ethereum Price Snapshot
As of this writing, Ethereum is trading at $2,523, experiencing a minor decline of 0.60% in the last 24 hours. However, it remains profitable over longer time frames, with gains of 2.20% and 42.96% on the weekly and monthly charts, respectively.
At present, Ethereum encounters its next major resistance at the $2,700 mark, which has acted as a rejection point on two occasions within the past three weeks. A decisive breakout above this resistance level would bolster bullish momentum, potentially driving prices toward the critical $4,000 level in the current market cycle.
ETH trading at $2,513 on the daily chart | Source: ETHUSDT chart on Tradingview.com
Featured image from iStock, chart from Tradingview
The editorial process at Bitcoinist focuses on delivering thoroughly researched, accurate, and unbiased information. We adhere to stringent sourcing standards, with each page subject to comprehensive review by our team of leading technology experts and seasoned editors. This procedure ensures the integrity, relevance, and value of our content for our readers.
Source link
#Ethereum #SOPR #Signals #Strength #Suggests #Upside #Ahead #Details
