cryptd.in

另类 LinkedIn 适合加密人才

Ethereum To $3,400? On-Chain Shows No Big Hurdles Ahead

-

由

cryptd.in
于

On-chain data suggests Ethereum doesn’t face any dominant resistance levels until $3,417, something that could open up the path to the mark.

Ethereum Cost Basis Distribution Shows Resistance Ahead Is More Spread Out

在新的 邮寄 on X, the on-chain analytics firm Glassnode has talked about how the Cost Basis Distribution is looking for Ethereum right now. The “Cost Basis Distribution” is an indicator that tells us about how much of the asset’s supply was last purchased at which price levels.

First, here is a chart that shows what the cryptocurrency’s latest breakout has been like from the perspective of this indicator:

Ethereum CBD

As displayed in the above graph, Ethereum has managed to break through a few notable supply levels with the latest price surge. Both the $2,700 and $2,740 levels hold the cost basis of about 1.3 million ETH, while the $2,760 mark holds that of 800,000 ETH. In on-chain analysis, levels concentrated with supply are considered important, due to the simple fact that investors are likely to show a reaction to price interactions with their cost basis.

When this retest occurs from below, the holders may react by selling their coins. Loss investors can be desperate to get back into the green, so when the price does return to their break-even, they can panic and exit out of fear that they will go back underwater in the near future.

Naturally, the more investors that share their cost basis at a particular level, the stronger this kind of selling reaction tends to be. As such, levels above that hold a significant amount of supply can act as resistance barriers to ETH’s price. Ethereum was earlier stuck under the aforementioned supply zones for a month, potentially because of this resistance effect, but now the cryptocurrency has finally reclaimed them.

Just like how strong levels above can pose resistance, those below can be a center of support instead. As such, it’s possible that the role of the $2,700, $2,740, and $2,760 supply walls would now change. “These investors accumulated during consolidation and now will potentially form a strong support zone,” notes Glassnode.

The support effect can arise from holders carrying a bullish mindset and looking at declines to their cost basis as dip-buying opportunities, or simply from them wanting to protect their acquisition boundary.

Now, here is another chart shared by the analytics firm that shows how the Ethereum Cost Basis Distribution looks for the levels ahead of the latest spot value:

Ethereum Resistance

From the graph, it’s visible that the levels ahead have the Ethereum supply distributed in a more uniform manner, with no strong clusters present until $3,417. More specifically, the price levels before this mark contain 200,000 to 400,000 ETH at every $50 gap. In comparison, the $3,417 level currently holds the cost basis of about 607,950 ETH.

“If the $2.70K–$2.76K support range holds, the path to $3.42K remains technically open – but the response from holders in the $2.8K–$3.3K range will define how quickly ETH can climb – currently, it’s already 47.5% up QTD,” explains Glassnode.

ETH Price

Ethereum briefly broke above $2,830 in the past day, but the coin has since faced a pullback as it’s back at $2,780.

Ethereum Price Chart

评论

发表回复

您的邮箱地址不会被公开。 必填项已用 * 标注

最新信息

热门类别

zh_CN 简体中文
zh_CN 简体中文 en_US English ro_RO Română et Eesti ko_KR 한국어 ja 日本語 ru_RU Русский de_DE Deutsch es_ES Español fr_FR Français zh_TW 繁體中文 pt_PT Português it_IT Italiano pl_PL Polski tr_TR Türkçe nl_NL Nederlands id_ID Bahasa Indonesia el Ελληνικά uk Українська bg_BG Български cs_CZ Čeština fi Suomi hu_HU Magyar lv Latviešu valoda lt_LT Lietuvių kalba nb_NO Norsk bokmål sk_SK Slovenčina sl_SI Slovenščina sv_SE Svenska

搜索网站

热门故事

标签

#AlexeyPertsev (1) #BidenCryptoBan (1) #BidenElection (1) #BinanceVsCoinbase (1) #Bitcoin (458) #BitcoinETF (3) #itcoinFundamentals (1) # 比特币处理 (1) # 比特币价格 (5) # 比特币价格水平 (1) #BitcoinPump (1) #BitcoinReserve (1) #BitcoinSurge (1) #itcoinTop (1) #Bitfinex (1) #Bitwise (1) #BracebridgeCapital (1) #BRC20Tokens (1) #BTC 收购 (1) 1TP5 看涨预测 (1) #BullishSentiment (1) #C 中国矿业 (1) #CPIPreview (1) #CryptoAsset (2) #CryptoBattle (1) #CryptoBoom (1) #CryptoExpert (1) #CryptoInsights (1) #CryptoMania (1) #CryptoMarket (4) #CryptoPrediction (1) #CryptoPredictions (1) #CryptoRegulation (2) #CryptoTakeoff (1) #CryptoTiming (1) #CryptoTips (1) #CryptoTreasury (1) #CryptoUncertainty (1) #DerivativeJump (1) #Dogecoin (74) #ogecoinGains (1) #ogecoinVolume (1) #DutchCourt (2) #ECommerce (1) #El萨尔瓦多比特币 (1) #E以太坊 (74) #EthereumPain (1) #E以太坊价格 (1) #ExpertOpinion (1) #FedRateCut (1) #FiatCurrency (1) #F 财务影响 (1) #F 财务隐私 (1) #FirmShutdown (1) #FrozenAccounts (1) #IllicitFunds (1) #InflationData (1) #Investment (1) #InvestmentLoss (1) #JapaneseFirm (1) #L LegalAction (1) #L 法律影响 (1) #Legislation (1) #LightningNetwork (1) #M 市场分析 (3) #M 市场监测 (1) #M 市场预测 (1) #M 市场预测 (1) #M 市场投影 (1) #M 市场支持 (1) #M 市场波动性 (1) #M 婚姻 (1) #MemeCoin (5) #MemeCoins (2) #Miner 盈利能力 (1) #M 洗钱 (2) #MtGox (4) #朝鲜加密货币 (1) #诺沃格拉茨预测 (1) 1TP5价格里程碑 (1) #P 价格预测 (2) 1TP5价格问题 (1) #PriceSurge (1) #PrisonSentence (1) # 量化分析 (1) #R 监管压力 (1) #SECA Anti-Crypto (1) #ShibaInu (6) #SocialBuzz (1) #T 技术分析 (1) #Toncoin (3) #T 龙卷风现金 (3) #T 龙卷风现金发展项目 (1) #T 龙卷风现金开发者 (1) #UKCrypto (1) #UpsidePotential (1) #USCongress (1) #WyomingLand (1) #XRPPrice (1) #XRPupswing (1)

实用链接

我发现了一些有用的链接，希望与大家分享。