Analyst: Ethereum is building a solid support position around $3000
According to @ali_charts monitoring, Ethereum has established a solid demand zone in the price range of about 3000 dollars.
At this key support level, approximately 2.82 million addresses have cumulatively bought more than 6.14 million ETH. This support level could pave the way for Ethereum to rebound and break through higher price peaks.

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.
You may also like
Chainlink spot ETF expected to launch this week, Grayscale plans to complete private trust conversion
CoinShares withdraws ETF applications for XRP, Solana, and Litecoin
Yearn yETH attacked, approximately $3 million worth of ETH flows into Tornado Cash
The on-chain holdings value of US spot Bitcoin ETFs has reached $150 billions.