According to a Deep Tide TechFlow message on May 24, the on-chain analysis platform Glassnode stated on the X platform that the current investor cost basis level for ETH is in the $2800 range. As the price approaches this area, selling pressure may increase, as many previously loss-making holders may seek to reduce their position near the breakeven point.
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According to a Deep Tide TechFlow message on May 24, the on-chain analysis platform Glassnode stated on the X platform that the current investor cost basis level for ETH is in the $2800 range. As the price approaches this area, selling pressure may increase, as many previously loss-making holders may seek to reduce their position near the breakeven point.