Analysis of Ethereum's Key Support Level: 2.14 Million Addresses Collecting Large Amounts of ETH in the $2,314-$2,435 Price Band
Publication Time:2024-08-09 17:56:06
According to a significant discovery by on-chain data analysis expert @ali_charts, an important support level for the Ethereum network is found in the trading range between $2,314 and $2,435. This critical price point attracted substantial investors and traders, with data showing that a total of 2.14 million distinct addresses traded within this range, collectively purchasing 51,670,000 ETH. These addresses may represent various types of participants, ranging from individual investors to large institutions, indicating significant interest and demand at this price level in the market. For the Ethereum community and market observers, this data provides a deep insight into current market sentiment and technical support zones, aiding in more accurate predictions of future price movements.
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