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ethereum

Ethereum SOPR Signals Strength, Suggests More Upside Ahead – Details

Semilore Faleti
by Semilore Faleti
4 months ago
·
Posted in Bitcoin
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Amid a general crypto market uptrend, Ethereum (ETH) has registered a significant price gain over the past months. Since Bitcoin embarked on a market rebound in early April, ETH has followed suit, with its trading price increasing by over 80%. In more bullish developments, popular crypto analyst Burak Kesmeci has noted a positive on-chain event that signals a further price appreciation ahead.

Related Reading: Ethereum Surges With Force As Price Logs Most Significant Daily Rally In Years

Ethereum SOPR Holds Above 1 – What Does This Mean? 

In an X post on May 24, Kesmeci provides a bullish Ethereum price prediction based on the asset’s Spent Output Profit Ratio (SOPR), which currently signals a positive investor sentiment. The SOPR is calculated by dividing the selling price of tokens by their acquisition price. A value above 1 indicates that the ETH being sold, are on average in profit, while a value below 1 suggests that investors are realizing losses.

Therefore, a sustained movement above this threshold signals a strong market confidence that can induce major bullish price developments as Ethereum sellers are operating from a position of strength with the lack of pressure that would have been present in a declining market.

Bitcoin
Source: @burak_kesmeci on X

Burak Kesmeci notes that Ethereum’s SOPR has continuously fluctuated around the neutral 1.0 mark in 2025, reflecting the period of market uncertainty. However, following the reignition of the crypto bull market, this on-chain metric has achieved consistent positioning above 1.0, suggesting a shift in market dynamics. 

Importantly, Kesmeci states that this development indicates that Ethereum’s recent uptrend is “healthy and sustainable”. This can be attributed to the fact that investors are distributing their tokens at higher prices, allowing the market to witness strategic profit-taking rather than panic selling. 

Presently, Ethereum’s SOPR stands at 1.02. If investors’ market activity can increase or sustain this value, Kesmeci backs the prominent altcoin to maintain an upward trajectory for the near future.

Related Reading: Bitcoin Price Temperature Rises Fast – Still Room Before This Cycle Peaks?

Ethereum Price Overview

At the time of writing, Ethereum is valued at $2,523 following a slight price decline of 0.60% in the past 24 hours. Meanwhile, the altcoin remains profitable on larger time frames with gains of 2.20% and 42.96% on the weekly and monthly time frames, respectively.

Currently, Ethereum faces its next major resistance at the $2,700 level, a price zone that has acted as a rejection point twice in the past three weeks. A decisive breakout above this resistance would reinforce the bullish momentum, providing more bullish fuel for a potential retest of the $4,000 region, which is a critical price level in the present market cycle.

Ethereum
ETH trading at $2,513 on the daily chart | Source: ETHUSDT chart on Tradingview.com
Featured image from iStock, chart from Tradingview
Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
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Semilore Faleti

Semilore Faleti

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Semilore Faleti works as a crypto-journalist at Bitconist, providing the latest updates on blockchain developments, crypto regulations, and the DeFi ecosystem. He is a strong crypto enthusiast passionate about covering the growing footprint of blockchain technology in the financial world.

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