Glassnode: ETH Investor Cost Concentrated at $2800, Potential Selling Pressure Near This Zone
According to ChainCatcher, the on-chain analysis platform Glassnode posted on the X platform that Ethereum's current price is close to the cost price range of many investors, around $2800, which may face selling pressure. Previously trapped holders might choose to reduce their positions when approaching breakeven to mitigate risk.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Trump Media & Technology Group (DJT.O) rises 7.6% in pre-market trading
SoFi is expected to launch crypto trading within the year.
Stablecoin payment company Standard Economics completes $9 million seed round led by Paradigm
CoinShares launches staking TON ETP "CTON"
Trending news
MoreCrypto prices
More
