CryptoQuant: ETH price is approaching the cost basis of whale holdings
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According to ChainCatcher, CryptoQuant analyst OnChain's analysis shows that in the past five years, the price of Ethereum has only approached the average cost price of whales holding at least 100,000 ETH four times. Two of these instances occurred during the 2022 bear market, while the other two happened this year. Currently, the ETH price is once again approaching this level.
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