Over 52 Million ETH Bought At $2,300, Will Ethereum Bulls Defend This Support?

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Related Reading: Ethereum Faces Sell-Off Risk’ If It Loses $2,300 Resistance – Analyst Citing IntoTheBlock data on October 11, the analyst observes that over 52 million ETH has been acquired by traders at around the $2,300 level.

As traders closely monitor how price action pans out, one analyst has picked an interesting development from market data.

Ethereum Finds Support At $2,300: Over 52 Million ETH Bought The second world’s most valuable coin is bearish, dumping by over 50% from July highs and unable to break the local resistance at $3,500.

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Article Details

Author / Journalist: Dalmas Ngetich

Category: Crypto

Markets: United KingdomKenya

Topics: Eth price ETH ETH bulls ETHUSDT Ethereum price Ethereum Ethereum staking Ethereum

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-12 @ 00:00:55 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 427 words

Reading Time: 3 minutes read

Sentences: 76 lines

Sentence Length: 6 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © NewsBTC

News ID: 23003074

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Main Topics: Crypto

Official Website: newsbtc.com

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Year Established: 2013

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