Glassnode: $2800 may be the current key resistance level for ETH, with approximately 800,000 ETH accumulated at this price point
Glassnode posted on the X platform that approximately 500,000 ETH accumulated at a price point of $2,200 on March 1st, but quickly redistributed at a local high of $2,500. Meanwhile, the main resistance level currently stands at $2,800 with about 800,000 ETH accumulating at this price point. This indicates that market recovery needs to pay attention to this key price level.
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
SBI Holdings and Startale plan to launch a regulated yen stablecoin in Q2 2026
Zodia Custody obtains MiCA license, set to launch digital asset services across the EU
"Maji" long positions liquidated 10 more times, account balance now only $53,178
Grayscale releases 2026 digital asset outlook, predicts bitcoin will reach new highs