#ETHMarketWatch
Ethereum Metric Warns About Potential Bull Trap
Recent on-chain data reveals a potentially concerning trend for Ethereum (ETH) investors. Approximately $123 billion of ETH’s total market capitalization is concentrated in the price range between $2,300 and $2,500. This indicates that a significant portion of ETH holders acquired their positions within this band.
If ETH’s price were to decline even slightly below this key range, a considerable number of investors would find themselves in a loss position. Such a scenario could trigger panic selling, placing additional downward pressure on the market.
While ETH continues to exhibit technical strength, the data suggests that its current support is relatively fragile. A more decisive move above this cost zone would be necessary to reduce the risk of a bull trap and establish a more stable support level.
Disclaimer: This article does not provide investment advice or recommendations. All investment and trading activities involve risk, and readers are encouraged to conduct their own research before making any financial decisions.
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