$ETH
ETHUSDT
Perpetual
4,225.08 | -1.01%
Ethereum has just pushed above a 🔴 key cost-basis barrier 👀
The heatmap highlights where most ETH supply was originally bought — the 🔴 red and yellow areas represent 🔴 high concentration of holder entries.
Recently, ETH has climbed past some of these 🔴 heavy cost-basis clusters. In simple terms, a 🔴 large portion of wallets have now flipped back into 🔴 profit.
Why this matters:
🔴 Breaking above dense cost-basis levels reduces 🔴 selling pressure
🔴 Green-to-red areas = strong 🔴 accumulation zones
ETH is 🔴 moving through resistance instead of 🔴 hitting it
The takeaway: many ETH holders are 🔴 holding strong instead of 🔴 selling. If this breakout sustains, it’s a 🔴 bullish signal. 🔥
