Ethereum

In a recent tweet by renowned crypto analyst Ali, it has been observed that Ethereum (ETH) is currently resting on a robust foundation of support between the price range of $1,800 and $1,870. Remarkably, a staggering 3.4 million unique addresses have collectively acquired a substantial 11.2 million ETH at this critical juncture.Notably, Ali's recent tweet provided a comprehensive insight into Ethereum's market dynamics.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/9da536591b10457d82d818d6d72e1b85.png">The significance of this support cannot be understated, as it serves as a testament to the confidence and conviction of Ethereum investors. These millions of addresses, representing a diverse range of market participants, have demonstrated their faith in the long-term potential of ETH by acquiring sizable quantities within this price range.However, as Ali pointed out, Ethereum faces a formidable resistance zone between $2,040 and $2,100. An intriguing aspect of this resistance lies in the fact that it was previously breached by a staggering 1 million addresses, amassing an astonishing 27 million ETH.The presence of such a large number of addresses that accumulated a substantial amount of Ethereum within this price range indicates the significance and psychological impact of the resistance zone. Market participants who had acquired ETH during this period are likely to view this level as a crucial threshold, potentially leading to increased selling pressure if the price approaches these levels again.Read full article at <a href="https://cryptotale.org/eth-finds-stable-support-amidst-key-resistance-levels-fueling-investor-sentiment/" rel="noopener noreferrer nofollow">CryptoTale.</a>

ETH Finds Stable Support Amidst Key Resistance Levels, Fueling Investor Sentiment

CryptoTale

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