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Here’s a Breakdown of ETH Holders’ Average Cost Basis by Wallet Size

  • Ether (ETH) has seen a significant increase in value, gaining nearly $1,000 in the last week and surging by 56% in the past 30 days.
  • Data from CryptoQuant has revealed different average cost basis zones for ETH holders based on their wallet sizes.
  • Wallets with balances ranging from 100,000 to 1,000 ETH have an average cost basis of $2,225, while those with 1,000 to 10,000 ETH have an average cost basis of $2,196.
  • ETH has shown positive signals as it remains above average cost basis levels, and analysts predict bullish sentiment due to minimal sell-side pressure and positive funding rates.

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