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Data on the series show that Ethereum has broken under all the main investor cost levels, with the exception of one. Here is where the price level is currently.
Ethereum only achieved the price of huge whales to rely on now
In QuickTake Cryptoquant mailThe analyst Mac_D discussed the place where the next main support level could lie in Ethereum. The relevant line is a copy of the achieved price.
“Critical Price” is an indication of the series, in short, tracks the average cost of investors belonging to a certain ETH group. When this scale is under the immediate price, this means that the regular group member keeps the coins with a net loss. On the other hand, being above the value of the original indicates that the regiment as a whole is in a state of pure profit.
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The basis for the investor cost is an important topic in the analysis of the chain, as their holders can be more likely to show some kind of movement when the profit loss mode is stabbed.
Whether investor reaction by buying or selling can decrease to the direction from which the acquisition of the acquisition level occurs. When it is from above, those holders may decide more if the atmosphere is optimistic, as they can think that withdrawal is just a “retreat.” This provides support for the original, thus defending the basis of cost.
Likewise, investors who were underwater before re -test may believe that the increase will not last and that they will return to losses again. Therefore, they can make the decision to go out, at least to escape by investing their entirely.
The cost level of the cost that has shown special importance is not only ETHEREUM, but digital assets in general is the price of the entire network. Since the graph shared by quantitative offers, this level is currently about $ 2,250 for ETH.
From the graph, it is clear that the line provided support to Ethereum last year, but it recently failed as the currency price has decreased significantly. This means that the normal pregnant woman on Blockchain is now sitting on a noticeable loss.
With this main level, the price achieved for individuals can help refer to the next support location. Below is a plan that displays the trend in the investor index who carry between 100 to 1000 ETH, 1000 to 10,000 ETH, 10,000 to 100,000 ETH, and more than 100,000 ETH:
As visible in the graph, ETHEREUM Place three underwater dirt with the latest crash. Now, the largest holder of the pregnant woman in this sector, who have more than 100,000 ETH in their balance, remains in green.
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Again in the 2022 bear market, ETH found support at the price of these fragile whales. Thus, this line can again be related to ETH.
Nowadays, the average level of acquisition at an average is $ 1,290, so it will take more downward measures before the test is re -test.
ETH price
At the time of this report, ETHEREUM is traded by about $ 1500, a decrease of more than 16 % in the past 24 hours.
Distinctive image from Dall -e, Cryptoquant.com, Chart from TradingView.com
