The cost basis level of investors is noticeably concentrated around $2,400 to $2,800. Prices have decisively broken through this dense supply cluster, and the number of tokens held within the current trading price range is relatively small.

Investors who last purchased ETH tokens between $2,400 and $2,800 are now starting to sell them, while the $3,800 area is becoming a position where many choose to offload their chips.