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.
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
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