In the uptrend of the general crypto market, Ethereum (ETH) has achieved significant price gains over the past few months. ETH followed suit, trading prices rose more than 80% since Bitcoin began a market rebound in early April. Amid more bullish developments, popular crypto analyst Burak Kesmeci pointed to a positive chain event that marks future price appreciation.
Ethereum SOPR holds 1 – What does this mean?
In a May 24 X post, Kesmeci provides a bullish Ethereum price forecast based on the asset’s expenditure output rate (SOPR), which currently marks positive investor sentiment. SOPR is calculated by dividing the selling price of the token by its obtaining price. Values above 1 indicate that the ETH sold is profit on average, while values below 1 indicate that the investor is realizing losses.
Therefore, as Ethereum sellers are operating from the position of strength, the continued movement shows strong market confidence that can cause major bullish price developments due to lack of pressure in a market that is falling.
Burak Kesmeci pointed out that Ethereum’s SOPR continues to fluctuate around the neutral 1.0 mark in 2025, reflecting a period of market uncertainty. However, after the reignitment of the crypto bull market, the positioning of this chain index exceeded 1.0, indicating that market dynamics have changed.
Importantly, Kesmeci notes that this development indicates that Ethereum’s recent uptrend is “healthy and sustainable.” This can be attributed to the fact that investors distribute their tokens at higher prices, allowing the market to witness strategic profits rather than panic sales.
Currently, Ethereum’s SOPR is 1.02. If investor activity can increase or maintain this value, Kesmeci will support famous altcoins to maintain an upward trajectory in the near future.
Ethereum price overview
At the time of writing, Ethereum is worth $2,523 as prices fell by 0.60% over the past 24 hours. Meanwhile, AltCoin is still profitable over a larger time frame, earning 2.20% and 42.96% in weekly and monthly time frames, respectively.
Currently, Ethereum faces its next major resistance at the $2,700 level, with the price zone being rejected twice in the past three weeks. A decisive breakthrough above this resistance will strengthen the bullish momentum and provide more bullish fuel for the retest of the $4,000 region, a key price level in the current market cycle.
Featured images from Istock, charts for TradingView
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