<ul><li>Ethereum (ETH) declined by 17.08% in the past week, reaching as low as $2,104.</li><li>On-chain analytics firm Glassnode suggests that Ethereum's key support level is at $1,890.</li><li>Investors acquired approximately 1.82 million ETH in August 2023 at the major accumulation zone of $1,890.</li><li>Glassnode also shows that investors are actively absorbing market supply as prices decline in anticipation of long-term gains.</li></ul>

Ethereum Key Support: Cost Basis Data Points To $1,890 As Make-Or-Break Level

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