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Ethereum’s...
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Ethereum’s Strongest Support Zone: Over 10 Million Wallets Hold the Line

  • Over 10 million unique addresses collectively hold more than 69 million ETH in a strong support zone on the Ethereum network, as highlighted by data from Sentora.
  • The highlighted support zone not only has significant volume but also strong market psychology, with holders likely to defend their positions due to a high concentration of ETH at a specific price range.
  • This support zone ranges from $2,060 to $2,420, with 80.6% of all tracked wallets currently in profit, amounting to $302.9 billion worth of ETH that is 'in the money'.
  • The ownership distribution in this range enhances Ethereum's on-chain stability, providing a clear reference point for traders and investors while reinforcing the idea of Ethereum's maturing price structure.

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