Glassnode: The current ETH investor cost base level may be in the $2,800 range, and selling pressure is gradually increasing
2025-05-24 07:18:13
On-chain analysis platform Glassnode said in a post on the X platform that the current investor cost base level of ETH may be around $2,800. As the price approaches this price range, seller costs are gradually increasing, as many investors who previously held large amounts of capital may seek to reduce risk near the break-even point.
In addition, if the price stagnates, investors who hold positions at that price level may intensify the rapid sell-off, and if it is accompanied by ETF outflows or whale withdrawals, market sentiment may change.
In addition, if the price stagnates, investors who hold positions at that price level may intensify the rapid sell-off, and if it is accompanied by ETF outflows or whale withdrawals, market sentiment may change.
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