Key Ethereum Levels Identified by Analyst, Strong Support at $2,772

The Ethereum market has had a tumultuous year in 2025, experiencing a significant drop of over 60% early in the year, followed by a remarkable surge that reached an all-time high of around $4,955 in August. Currently, Ethereum is trading nearly 40% below that peak, prompting analysts to assess critical price levels for potential support and resistance.

Key Takeaways

Ethereum saw a massive downturn over 60% earlier in 2025 but reached a high of $4,955 in August.
Market analyst Ali Martinez highlights significant price levels for Ethereum, particularly a strong support level at $2,772.
If $2,772 fails to hold, the next support levels to watch are $2,489 and $1,866.
Ethereum is currently trading around $2,987, showing a 5.56% increase in the last 24 hours.

Ethereum

Analyzing Ethereum’s Price Levels: Strong Support at $2,772

According to a recent analysis by market analyst Ali Martinez, Ethereum has shown substantial price movements throughout 2025. In an X post dated December 19, he pointed out that specific price levels may act as crucial support zones, especially considering recent market data.

The analysis utilized the URPD (UTXO Realized Price Distribution) metric to identify price levels where Ethereum’s current supply was last moved on the blockchain. The chart shared in Martinez's analysis indicates a significant accumulation of Ethereum around the $2,772 mark. This suggests that many investors bought their Ethereum in that range, making it a potential psychological support area.

This high concentration of buy orders means that investors are likely to defend their positions aggressively if the price approaches $2,772, creating a cushion against further declines. Moreover, if Ethereum's price appreciates, notable resistance levels exist at $3,211 and $3,224, which could pose challenges for bullish momentum moving forward.

Ethereum
Source: @alicharts on X

Potential Support Levels if $2,772 Fails

Should the $2,772 support level fail, the next key psychological support for Ethereum stands at $2,489. Martinez notes that historical transaction volumes suggest only a limited amount of Ethereum was traded in this region, indicating that while it may offer some temporary relief, it may not significantly hold up against sell pressure.

Should Ethereum fall past $2,489, a further decline could potentially lead it to $1,866, the last notable support level. A drop to this level would signify a drastic change in market sentiment, reflecting a significant downturn in Ethereum's price action. As of now, Ethereum is priced around $2,987, having increased by 5.56% in the last 24 hours, according to CoinMarketCap.

Ethereum
ETH trading at $2,987 on the daily chart | Source: ETHUSDT chart on Tradingview.com