[Analysis] "Ethereum accumulation wallets, realized price 2900 dollars…will be a strong support"
Suehyeon Lee
Summary
- The average realized price of major Ethereum (ETH) accumulation wallets is about 2900 dollars.
- It said this price range surged from 1700 dollars to 2900 dollars along with the Ethereum spot ETF rally.
- Since 27.6 million ETH are accumulated, 2900 dollars is likely to act as a strong support.
An analysis showed that the average realized price of major Ethereum (ETH) accumulation wallets is about 2900 dollars.
On the 24th (local time), CryptoQuant author burakkesmeci said, "The average realized price of Ethereum (ETH) accumulation addresses is currently about 2900 dollars. With the Ethereum spot exchange-traded fund (ETF) rally, this price range surged from 1700 dollars to 2900 dollars."
He analyzed, "The total amount held by these accumulation wallets reaches 27.6 million ETH. Since a large accumulation range has formed, even in the worst case this price range is highly likely to act as a strong support level."
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.![[Today’s Key Economic & Crypto Calendar] US January Manufacturing PMI, etc.](https://media.bloomingbit.io/static/news/brief_en.webp?w=250)
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