Edyme’s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more determined, channeling his experience into over three years of insightful market analysis.

Before becoming the voice of reason in the crypto space, Edyme was the quintessential crypto degen. He aped into anything that promised a quick buck, anything ape-able, learning the ropes the hard way. These hands-on experience through major market events—like the Terra Luna crash, the wave of bankruptcies in crypto firms, the notorious FTX collapse, and even CZ’s arrest—has honed his keen sense of market dynamics.

When he isn’t crafting engaging crypto content, you’ll find Edyme backtesting charts, studying both forex and synthetic indices. His dedication to mastering the art of trading is as relentless as his pursuit of the next big story. Away from his screens, he can be found in the gym, airpods in, working out and listening to his favorite artist, NF. Or maybe he’s catching some Z’s or scrolling through Elon Musk’s very own X platform—(oops, another screen activity, my bad…)

Well, being an introvert, Edyme thrives in the digital realm, preferring online interaction over offline encounters—(don’t judge, that’s just how he is built). His determination is quite unwavering to be honest, and he embodies the philosophy of continuous improvement, or “kaizen,” striving to be 1% better every day. His mantras, “God knows best” and “Everything is still on track,” reflect his resilient outlook and how he lives his life.

In a nutshell, Samuel Edyme was born efficient, driven by ambition, and perhaps a touch fierce. He’s neither artistic nor unrealistic, and certainly not chauvinistic. Think of him as Bruce Willis in a train wreck—unflappable. Edyme is like trading in your car for a jet—bold. He’s the guy who’d ask his boss for a pay cut just to prove a point—(uhhh…). He is like watching your kid take his first steps. Imagine Bill Gates struggling with rent—okay, maybe that’s a stretch, but you get the idea, yeah. Unbelievable? Yes. Inconceivable? Perhaps.

Edyme sees himself as a fairly reasonable guy, albeit a bit stubborn. Normal to you is not to him. He is not the one to take the easy road, and why would he? That’s just not the way he roll. He has these favorite lyrics from NF’s “Clouds” that resonate deeply with him: “What you think’s probably unfeasible, I’ve done already a hundredfold.”

PS—Edyme is HIM. HIM-buktu. Him-mulation. Him-Kardashian. Himon and Pumba. He even had his DNA tested, and guess what? He’s 100% Him-alayan. Screw it, he ate the opp.

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Despite being considered extremely expensive, the Ethereum blockchain has remained one of the top networks in the dynamic world of cryptocurrencies. However, the leading blockchain has undergone a major shift as its overall transaction fees plummeted significantly to levels not seen in years.

Total Transaction Fees At The Lowest Level In Years

While the crypto sector is shaken by volatility, Ethereum has taken a hit due to the recent developments regarding the network’s overall transaction fees. Over time, ETH’s gas fees have hindered users’ activity because of the high cost, making it difficult to use.

Recent reports from Crypto Miners, an affiliate of Binance, reveal that Ethereum network usage has slowed down, indicating subdued demand for block space. While the lower fees reflect diminishing demand, it also implies slowing momentum across the ETH ecosystem.

Crypto Miners stated that ETH’s transaction fees have dropped to their lowest level since 2020, marking a four-year low. This drop in transaction fees coincides with a decrease in on-chain activity and indications that ecosystem-wide congestion is abating. The development could impact user engagement, DeFi activity, and NFT transactions, especially validators relying on the blockchain.

Using data from IntoTheBlock, a market intelligence and on-chain platform, Crypto Miners highlighted that the fees decreased by around 60% in the first quarter of 2025, dropping to just $208 million by April 4. 

According to the platform, a notable factor in the sharp drop is the emergence of Layer-2 solutions, particularly Base, and the Dencun update, which massively lowered the cost of scaling layers. Presently, the Layer 2 pack is now being led by Base alone, which processes 80+ Transaction Per Second (TPS), cementing its position in the space.

During this period of weak network demand, Ethereum’s price has also plummeted drastically to previous support levels. As reported by Crypto Miners, the altcoin‘s price fell by about 45% in Q1 of 2025, marking its worst-ever first-quarter performance since 2022. 

The ETH/BTC pair further displays the weak performance, dropping to a 5-year low. However, large investors, often referred to as whales, are not deterred and have gathered ETH below the $1,800 level in a resounding show of support.

Next Major For ETH’s Price Pullback

As volatility intensifies, an on-chain analyst named MAC_D has identified crucial price levels for ETH. In the quick-take post on the CrytoQuant platform, the expert highlighted that Ethereum holders’ average cost basis (realized price) is positioned at $2,200. From this, it would appear that most ETH holders are currently losing money.

Meanwhile, the average cost basis of whales holding more than 100,000 ETH is $1,290, which is the next major support level for the altcoin. Should Ethereum drop below this level, MAC_D believes it might not fall below $870. During the Luna crisis in June 2022, this level held firm, forming a low for ETH and signaling a rebound.

Featured image from Unsplash, chart from Tradingview.com

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On-chain data shows Ethereum has broken under all major investor cost basis levels, except for one. Here’s where this price level is currently situated.

Ethereum Has Only Realized Price Of Mega Whales To Rely On Now

In a CryptoQuant Quicktake post, analyst MAC_D has discussed about where the next major support level could lie for Ethereum. The line in question is a version of the Realized Price.

The “Realized Price” is an on-chain indicator that, in short, keeps track of the average cost basis of investors belonging to a given ETH cohort. When this metric is under the spot price, it means the average member of the group is holding coins at a net loss. On the other hand, it being above the asset’s value suggests the cohort as a whole is in a state of net profit.

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Investor cost basis is considered an important topic in on-chain analysis, as holders can be more likely to show some kind of move when their profit-loss status is challenged.

Whether investors react by buying or selling can come down to which direction the retest of their acquisition level is occurring from. When it’s from above, holders may decide to accumulate more if the atmosphere is bullish, as they can consider the pullback to be just a ‘dip.’ This provides support to the asset, thus defending their cost basis.

Similarly, investors who were underwater just prior to the retest might believe the surge wouldn’t last and they would fall back into losses again. So, they could make the decision to exit, to at least escape with their entire investment back.

A cost basis level that has shown particular importance for not just Ethereum, but digital assets in general is the Realized Price of the entire network. As the chart shared by the quant shows, this level is currently situated around $2,250 for ETH.

From the graph, it’s apparent that the line provided support to Ethereum last year, but it has failed recently as the coin’s price has significantly fallen under it. This means that the average holder on the blockchain is now sitting on a notable loss.

With this major level gone, the Realized Price of the individual cohorts could help point to where the next support could be. Here is a chart displaying the trend in the indicator for investors holding between 100 to 1,000 ETH, 1,000 to 10,000 ETH, 10,000 to 100,000 ETH, and more than 100,000 ETH:

As is visible in the graph, Ethereum has put three of the cohorts underwater with the latest crash. Now, only the largest of holders in the sector, those with over 100,000 ETH in their balance, are still in the green.

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Back in the 2022 bear market, ETH found support at the Realized Price of these humongous whales. Thus, it’s possible that this line could once again be of relevance to ETH.

At present, the cohort has its average acquisition level at $1,290, so it will take more bearish action before a retest can take place.

ETH Price

At the time of writing, Ethereum is trading around $1,500, down more than 16% in the last 24 hours.

Featured image from Dall-E, CryptoQuant.com, chart from TradingView.com