Summary
- It was reported that Ethereum (ETH) has formed a strong support line at the $4000 level.
- Blockchain analysis company IntoTheBlock reported that 7.2 million ETH has been accumulated.
- ETH price is trading at $4020, up 1.76% from the previous day.
An analysis has emerged that Ethereum (ETH) is forming a strong support line at the $4000 level.
On the 17th, blockchain analysis company IntoTheBlock reported on X (formerly Twitter) that "Ethereum has accumulated 7.2 million ETH slightly below the $4000 price range," and predicted that "such substantial demand will help maintain Ethereum's price above $4000."
The ETH price is trading at $4020, up 1.76% from the previous day, based on the Binance USDT market at 18:10 on this day.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
