Cryptocurrency analyst Ali Martinez talked about Ethereum (ETH) in his latest post.
Sharing IntoTheBlock data, the analyst said that if the Ethereum price drops below the $ 1,800 level, the next biggest support level will be $ 1,627, because from this level, 2.48 million wallet addresses bought 3.8 million ETH ($ 7 billion).
According to the data, the closest support point for Ethereum, which was traded at $ 1.819 at the time of this writing, could be the average level of $ 1.852, where 5.44 million wallet addresses bought 13.26 million ETH ($ 24 billion).
According to the data, the region where the most ETH purchases are made is the $ 2,009 level, where 616 thousand addresses bought 28.75 million Ethereum in total. Investors at this average level made a total of $52 billion in purchases. This data shows purchases made at this level at any time so far.
According to the latest data, at the current price level, 77.56% of Ethereum investors buying ETH between $1,542 and $2,096 are in loss and 21.95% are in profit.
*Not investment advice.