<ul><li>The Ethereum price struggles to hold above $2,700 despite recent bullish momentum.</li><li>Blockchain analytics firm Glassnode's on-chain insights indicate a significant cluster of investor cost-basis distribution around $2,800.</li><li>Investors acquired Ethereum around $2,800, leading to potential sell-side pressure at that price level.</li><li>If Ethereum fails to break the supply barrier around $2,800, it could fall to the next support level at around $2,380.</li></ul>

Blockchain Firm Explains Why Ethereum Price Can’t Hold Above $2,700

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