Will Ethereum price bottom at $1.6K?

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Coin Telegraph 13h ago

Will Ethereum price bottom at $1.6K? - Coin Telegraph

Quick Summary:

Related: Starknet to settle on Bitcoin and Ethereum to unify the chainsEther price between $1.6K-$1.9K is “attractive”In a recent X post, Glassnode explained how Ethereum’s cost-basis distribution could be useful in identifying potential support levels for ETH.

Ethereum realized price and MVRV.Source: X.comETH realized price calculates the average price of each ETH last moved, representing the average cost basis of the total circulating supply.

The supply gap between $1.9K and $2.2K remains thin, making a short-term move towards resistance plausible.”Ethereum weekly analysis by Ninja.Source: X.comAt the same time, anonymous analyst Ninja believes that the floor price for Ethereum remains between $1,600 and $1,900.