IntoTheBlock: Approximately 3.56 million ETH were bought between $1843 and $1900, which may serve as a strong support level

ChainCatcher news, according to analysis by IntoTheBlock, on-chain data indicates that there is a significant support area for Ethereum (ETH) below $1900, with approximately 3.56 million ETH purchased between $1843 and $1900.

This large-scale accumulation suggests that this price range has strong support. However, if the ETH price falls below this range, the market may face the risk of capital outflow, as demand outside of this level is noticeably weaker.