Ethereum Price Steady Above $1,500 — Is a Bullish Rebound Brewing?
Is Ethereum Price Entering a Buy Zone?
Ethereum (ETH) continues to trade steadily above the $1,500 mark, showing minimal price movement in the past 24 hours. Despite the quiet market, signs suggest Ethereum could be entering a crucial accumulation phase — a historical precursor to significant price rebounds, which is now drawing fresh attention from analysts and traders focused on Ethereum price prediction.
Ethereum Trading Near Realized Price: A Key Signal?
According to CryptoQuant analyst abramchart, Ethereum is hovering around its realized price level of $1,525. Historically, this zone has marked a deep-value accumulation phase.
“Every major ETH bull run has begun when the price hit or dropped below this level,” notes abramchart.
This data-driven insight points to a potential bullish setup in the making.
Transaction Fees Hit 4-Year Low
Ethereum’s network activity has cooled, with average transaction fees dropping to $0.168 — the lowest since 2020, as reported by Santiment.
“When activity drops off this much, it’s often followed by a surprise move the other way,” says Santiment.
This drop aligns with the Dencun upgrade’s impact earlier in 2024, which improved scalability via data blobs but reduced Layer-1 gas fee revenues.
Also Read: CRV Price Prediction 2025, 2026 – 2030
Pectra Upgrade Set for May 7
Ethereum developers have locked in May 7 for the highly anticipated Pectra upgrade. This upgrade will:
Double Layer-2 blob capacity (from 3 to 6),
Lower transaction fees,
Allow fees to be paid in stablecoins like USDC and DAI,
Raise the maximum staking cap from 32 ETH to 2,048 ETH.
A second phase, expected by late 2025 or early 2026, will enhance data storage and scalability.