Bitcoin ve altcoinOne of the most decreased in the correction in the s is undoubtedly Ethereum (ETH) was.
While the price of Ethereum is withdrawn to the level of 2,000 thousand dollars, the increasing expectation before the White House Crypto Summit, which will take place on March 7 ETH The price reached $ 2,300.
While Ethereum exhibited wavy movements, Glassnode, a -chain analytical company, announced what ETH investors did during the latest price fluctuations.
Stating that Ethereum investors actively manages their positions Glassnode said he had purchased the decrease and lowered the cost base.
After Ethereum jumped to $ 2,500 before the last decline, it withdrew to $ 2.050, a level seen in November 2023.
Glassnode, according to the data, Ethereum investors with a starting cost base of $ 3,500, said that they sold during February, but then purchased the decline and entered $ 2,500 and $ 2,050 again.
At this point, Glassnode said investors reduced the cost bases by 10 %to $ 3,200.
In addition, Glassnode said that there was a large resistance zone of $ 2,800, where investors have accumulated about 800,000 ETH. This is If the price of Ethereum recovers, it shows that $ 2,800 will be a critical level that investors should follow.
It points to the rise for Ethereum!
The analytical company on the chain was evaluated by Ethereum. Santimement said that the decline tendency in social media pointed to a potential rise for ETH.
According to the centimeter, the Ethereum feeling fell to the lowest levels of the year by remaining behind the other best crypto currencies in terms of market value. However, Santimement said that the feeling in social media has worsening for ETH, and that this is a good sign for ETH and pointed out a potential reverse in the price.
🐻 Ethereum sentiment has declined to year-low levels as the asset has underperformed relative to other top caps. For those patiently holding their $ETHthe bearishness being projected across social media is a good sign of a potential turnaround once crypto markets stabilize. pic.twitter.com/iRaKTvb0Tu
— Santiment (@santimentfeed) March 6, 2025
*It is not an investment advice.
For special news, analyzes and on-achain data Telegram Our group, Twitter Our account and Youtube Follow our channel now! Moreover Android ve IOS Start Live Price Tracking by downloading our applications!
Source: https://www.bitcoinsistemi.com/ethereum-balinalari-son-dususte-nasil-davrandi-eth-icin-takip-edilmesi-gereken-en-kritik-seviye-ne-glassnode-acikladi/
