According to glassnode, Ethereum (ETH) broke above its Realized Price at $1,900 in May 2025, signaling that the average ETH holder is now in profit—a key bullish indicator for traders. The price has also surpassed the True Market Mean at $2,400, reinforcing positive momentum. However, glassnode highlights that reclaiming the Active Realized Price at $2,900 is crucial for further market confidence and sustained upward movement. Traders should watch for a confirmed breakout above $2,900 as a strong signal of continued bullish sentiment in the ETH market (source: glassnode, May 23, 2025).