Coin-Turk 15 minutes ago
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The price of Ethereum 
$2,217 has tested significant support levels due to a market-wide correction. Glassnode has identified $1,890 as the strongest accumulation zone for ETH ($2,220.22), indicating that this price threshold may represent a robust support area. However, should selling pressure increase, the price could drop below this level and further decline.
The Strongest Ethereum Accumulation Zone: $1,890
Glassnode’s Cost Basis Distribution (CBD) data reveals that the most substantial accumulation for Ethereum occurred at the $1,890 mark, with a total of 1.82 million ETH purchased at this level. Consequently, it is anticipated that investors will defend this price point and provide support for ETH.
Ethereum ETH Commentary, AnalysisThis accumulation zone emerged in August 2023, attracting numerous investors to purchase ETH at this…
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