Ethereum $2,206.84 price He tested significant support levels with the impact of the correction throughout the market. Glassnode analysts drew attention to this price threshold by reporting that the level of 890 dollars is the most powerful ETH accumulation zone. Accordingly, this price threshold may have created a strong support zone, but if the sales pressure increases, the price may fall below this threshold.
The most powerful Ethereum Birikim Zone: thousand 890 dollars
Glassnode’s cost -based distribution (CBD) data Ethereum It shows that the accumulation zone is a thousand $ 890. Accordingly, a total of 1.82 million ETHs were taken from this level. Therefore, investors can be expected to defend this price level and support the price in this threshold.
This purchase zone was formed in August 2023 and since then many investors are at this level. ETH Coin took it. Investors acting according to long -term market cycles prefer to protect their presence instead of focusing on short -term price fluctuations. Since Ethereum investors avoided selling at a loss, this support zone has remained very strong so far.
On a single screen instant prices, important data, news, latest developments, comments and discussions at Chat! Come right away from your eyes!
If 2 thousand 100 dollars support is broken, a thousand 890 dollars will come up
If the downward trend in Ethereum continues, the next important support point will be 2 thousand 100 dollars. However, only 500 thousand pieces here Eth Since the purchase is realized, it is necessary to be aware that this price threshold is weaker. If the price breaks down 2 thousand 100 dollars, there will be a strong defense line with a strong level of 890 dollars.
With this ETH price Sales can be accelerated if it will fall below the level of 890 dollars. Investors who buy from this point can be expected to turn to sell their ETH to minimize their damages. In such a scenario, the price of Ethereum will fall harder.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
