#ETHEREUM Cost Basis Distribution (CBD) Analysis

The CBD heatmap highlights where major $ETH supply was accumulated, these zones act as strong support & resistance based on holder cost basis.

Major Resistance Ahead:

#ETH is sitting below a heavy supply zone at $3150–$3180, where over 2.5M ETH was accumulated. This is the key level bulls must reclaim.

Strong Support Zones:

$2920–$2950 → Strong local support

$2650–$2750 → High-density structural support

$2400–$2500 → Major macro support zone

If ETH loses $2900, next downside targets are $2750 → $2600.

Short-Term Outlook

ETH remains under key resistance. Until $3150 flips to support, expect consolidation or corrective moves.

Macro View

Long-term structure remains solid, Large accumulation below $2800 shows strong investor confidence.

Conclusion

Break above $3150 → Bullish continuation

Stay below $3150 → Range/Downside likely

Strong demand zones below keep long-term trend healthy