Glassnode analysis: ETH price hits resistance after breaking through $2,500
2025-05-13 02:24:21
The price of ETH broke through to $2,500 from $1,800 due to low concentration of supply in the range, according to Glassnode data. The rally was held up near $2,580, which holds about 1.30 million ETH; as the price approached, supply fell to 1 million, indicating holders exited near cost.
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