Glassnode Analysis: ETH Price Encounters Resistance After Breaking $2500
ChainCatcher message, Glassnode data shows that the ETH price has broken through from $1800 to $2500, due to the low concentration of supply in this range. The upward momentum was blocked around $2580, where approximately 1.3 million ETH is held; as the price approaches, the supply decreases to 1 million, indicating that holders are exiting near the cost price.
Related tags
ChainCatcher reminds readers to view blockchain rationally, enhance risk awareness, and be cautious of various virtual token issuances and speculations. All content on this site is solely market information or related party opinions, and does not constitute any form of investment advice. If you find sensitive information in the content, please click "Report", and we will handle it promptly.
Related tags
