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TechFlow news, on March 17, according to IntoTheBlock analysis, on-chain data indicates a significant support zone for Ethereum (ETH) below $1,900, with approximately 3.56 million ETH purchased between $1,843 and $1,900.
This large-scale accumulation suggests strong support within this price range. However, if ETH prices fall below this level, the market could face capital outflow risks, as demand beyond this range appears notably weaker.
According to IntoTheBlock analysis, on-chain data indicates a significant support zone for Ethereum (ETH) below $1,900, with approximately 3.56 million ETH purchased between $1,843 and $1,900. This large-scale accumulation suggests strong support within this price range. However, if ETH price breaks below this level, the market may face capital outflow risks, as demand beyond this range is notably weaker.
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