According to Foresight News, Glassnode data shows that the ETH price broke through from $1800 to $2500 due to low supply concentration in that range. The upward trend is hindered near $2580, where approximately 1.3 million ETH is held. As the price approaches, the supply decreases to 1 million, indicating that holders are exiting near the cost price.
ETH price hits a barrier near $2580 after breaking through $2500
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ETH
2,461.64
-0.51%
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