"Ethereum forms major support zone around $3,150"

Source
Minseung Kang

Summary

  • On-chain analyst Ali said Ethereum (ETH) has secured a clear support zone near $3,150.
  • Ali said about 2.53 million ETH were bought near $3,150.
  • He emphasized that the $3,154–$3,179 range is one of the most prominent supply zones on-chain.
Photo = Ali X capture
Photo = Ali X capture

On-chain analyst Ali (Ali) analyzed that Ethereum (ETH) has secured a clear support zone near $3,150.

On the 14th (local time), Ali said on X (formerly Twitter), "About 2.53 million ETH appears to have been bought near $3,150." He also emphasized, "This price range is highly likely to act as an important short-term support level."

He explained that the $3,154–$3,179 range is one of the most prominent supply zones on-chain.

publisher img

Minseung Kang

minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
What did you think of the article you just read?