Glassnode: ETH Investor Cost Concentrated at $2800, Potential Selling Pressure Near This Zone
According to ChainCatcher, the on-chain analysis platform Glassnode posted on the X platform that Ethereum's current price is close to the cost price range of many investors, around $2800, which may face selling pressure. Previously trapped holders might choose to reduce their positions when approaching breakeven to mitigate risk.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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Data: BitMine currently holds approximately 3.56 million ETH, with an unrealized loss of $2.98 billion.
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