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Ethereum: Solid Support at $2,370, Further Gains Ahead: Analyst

  • Ethereum (ETH) has established a solid support level at $2,370, indicating strong buyer interest to prevent further price drops.
  • Over 90% of ETH addresses are currently 'in the money,' with holdings valued higher than their purchase price.
  • Despite price volatility, the number of active Ethereum addresses has decreased in the past week due to market uncertainty and reduced speculative interest.
  • Analysts believe Ethereum's support at $2,370 reflects investor confidence, with many holders unwilling to sell below this level, leading to further price stability.

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