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TechFlow news, May 24 — on-chain analytics platform Glassnode posted on X stating that the current investor cost basis level for ETH is in the $2,800 range. As prices approach this zone, selling pressure may increase, as many previously underwater holders could seek to reduce positions near the breakeven point.
On X, on-chain analytics platform Glassnode stated that the current cost basis level for ETH investors is around $2,800. As the price approaches this level, selling pressure may increase, as many previously underwater holders might seek to reduce their positions near the break-even point.
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