When Will Ethereum Turn Overheated? Report Says Watch This Level

A brand new report from Glassnode has revealed a traditionally important Ethereum degree that might mark the beginning of an overheated section if breached.

Ethereum Is Shifting In direction of Energetic Realized Worth

In its newest weekly report, the on-chain analytics agency Glassnode has talked about some valuation fashions for Ethereum. The fashions in query are the Realized Worth, True Market Imply, and Energetic Realized Worth.

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The primary of those, the Realized Worth, refers back to the common price foundation or acquisition worth of all tokens of the cryptocurrency which are presently a part of the circulating provide.

The opposite two fashions, the True Market Imply and Energetic Realized Worth, additionally goal to search out the community price foundation, however each of those exclude for the long-dormant cash. Such tokens are prone to be misplaced as a result of lacking wallets keys, in order that they aren’t a part of the financial provide. Thus, these fashions might present for a extra correct measure of the market scenario than the Realized Worth.

Now, here’s a chart that exhibits the pattern within the three on-chain pricing fashions for Ethereum over the previous few years:

The worth of the coin seems to have surged previous all of those ranges | Supply: Glassnode’s The Week Onchain – Week 29, 2025

As displayed within the above graph, the Ethereum Realized Worth, True Market Imply, and Energetic Investor Worth are located round $2,100, $2,500, and $3,000, respectively. Which means that at ETH’s present spot worth, all fashions agree that the holders as a complete are within the inexperienced.

However now that the asset has escaped above these strains, what could possibly be subsequent? “So as to gauge upside targets for this ETH rally, we are able to flip to the +1 commonplace deviation band of Ethereum’s Energetic Realized Worth,” notes Glassnode.

The +1 commonplace deviation (SD) band of the indicator occurs to be the place promoting strain has intensified prior to now. The explanation behind the pattern might lie in the truth that investor earnings grow to be important past this boundary, so mass selloffs with the aim of profit-taking can grow to be extra prone to happen.

Beneath is a chart that exhibits the place this degree presently lies for ETH.

Ethereum Active Realized Price +1 SD — The worth of the asset seems to be closing in on the extent | Supply: Glassnode’s The Week Onchain – Week 29, 2025

From the graph, it’s seen that the Ethereum Energetic Realized Worth +1 SD is positioned at $4,500 at this time. ETH is presently nonetheless at a distance from the extent, but when its latest bullish push continues, it would find yourself retesting it.

Within the present cycle to date, ETH has examined the boundary as soon as, in March 2024. Again then, the cryptocurrency discovered rejection at it. Within the 2021 bull run, the coin was in a position to surge previous it, however in doing so, it kicked off the unsustainable euphoria market section.

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“As such, $4,500 will be recognized as a vital degree to observe on the upside, particularly if Ethereum’s uptrend continues and speculative froth builds additional,” explains the analytics agency.