Over 1.9 Million Ethereum Accumulated Between $1,457 and $1,598
Ethereum Price Overview
- Ethereum trades above $1,500 after recent volatility and global trade uncertainty.
- Macroeconomic factors like tariffs and shifting policies affect crypto markets.
- Despite a bounce, Ethereum's price indicates a broader downtrend with resistance levels unchallenged.
Cost Basis Insights
- Key cost basis levels identified:
- $1,457 - 408,000 ETH accumulated
- $1,546 - 822,000 ETH accumulated, significant level for recovery
- $1,598 - 725,000 ETH accumulated
- A breakout above $1,600 could lead to a move towards $1,800.
Current Trading Status
- ETH currently at $1,580; unable to break $1,700 resistance.
- Bulls need to surpass the 200 MA and EMA around $1,820 for recovery confirmation.
- A failure to maintain the $1,500 support could push prices below $1,400.
Investors should monitor trading volume and reactions around the $1,700 and $1,500 levels closely.
