📊 Ethereum’s Chip Structure Analysis Reveals Strong Support Levels

According to BlockBeats, on-chain analyst Murphy has broken down Ethereum’s (ETH) chip structure — and the data is 🔥 for anyone tracking price action!

🔑 Key Findings:

📉 Lower Accumulation Zones: Around 13.5% of ETH chips still sit in the $49–$396 range — surviving 8+ years of market volatility.

🏦 Major Support Zone: The most accumulation is between $2,425–$2,970, holding 23% of circulating ETH. This is ETH’s strongest support level.

💹 Current Price Impact: With ETH trading near $4,257, roughly 1.39M ETH are positioned here — giving the market a potential safety net.

⚠️ Potential Risk: Because chips below this price have big unrealized profits, selling pressure could rise if prices keep climbing.

💡 What It Means for Traders:

✅ Strong holder confidence is keeping ETH stable — even in volatile markets.

🧠 But beware — if profits grow too tempting, we could see sharp corrections as holders take profit.

📌 Bottom Line: Ethereum’s on-chain data shows solid support, but also hints at possible selling pressure ahead as prices rise.

What’s your call — Will ETH hold above $4K or face a profit-taking dip? 💭👇

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