$ETH

Ethereum (ETH) has been experiencing a volatile period, with its price fluctuating between $1,548 and $1,599. Recent data from Glassnode shows that nearly 793,900 and 732,400 ETH are being held at these price zones, indicating market indecision. A support zone is forming around $1,461, where 380,000 ETH have been accumulated. Analysts suggest that buying ETH in the $1.3K-$1.4K range is a generational opportunity due to stablecoin market capitalization reaching new highs and institutional adoption accelerating. However, Ethereum OG has been selling its ETH stashes, possibly due to bearishness surrounding the asset.