Ethereum may have found a firm price floor, with blockchain data suggesting that $1,886 is a key accumulation zone.
Analysts at Glassnode highlight that a growing number of investors have acquired ETH at this level, which could signal strong support and a potential turning point for the asset.
One of the indicators Glassnode examines is the cost basis distribution (CBD), a heatmap that reveals where investors break even. Recently, the amount of ETH held at $1,886 has increased significantly, rising from 1.6 million to 1.9 million. This pattern suggests that buyers are stepping in at this price, reinforcing its role as a foundation for future movements.
Another metric pointing to a potential reversal is Glassnode’s “Capitulation Metric,” which combines CBD data with realized losses. Historically, when this metric spikes, ETH has often rallied shortly after, hinting at a possible rebound.
In addition to Ethereum’s on-chain trends, the broader crypto market has seen an influx of liquidity, particularly in stablecoins. Since the start of 2025, the total supply of stablecoins has grown by over $20 billion, marking a 10.9% increase and pushing the overall supply past $205 billion.
This is a notable shift from late 2024 when stablecoin issuance briefly declined. The renewed expansion in stablecoin supply suggests more capital could be flowing into digital assets, potentially supporting further price appreciation.
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