<ul><li>On-chain data shows Ethereum has broken under all major investor cost basis levels, except for one.</li><li>The Realized Price of the entire network, currently situated around $2,250, has been a significant support level for Ethereum.</li><li>Investors holding between 100 to 1,000 ETH, 1,000 to 10,000 ETH, and 10,000 to 100,000 ETH are currently underwater.</li><li>Only investors holding over 100,000 ETH are still in a net profit position, with an average acquisition level at $1,290.</li></ul>

Here’s Where Ethereum’s Last Line Of Defense Lies, According To On-Chain Data

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