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On-Chain Analysis Reveals Ethereum (ETH) Has Hit The Bottom

  • Analytical insights from Glassnode suggest that Ethereum (ETH) has reached its bottom.
  • Ethereum Cost Basis Distribution metrics indicate an increase in supply at $1,886, potentially establishing a short-term price floor.
  • Despite recent challenges, long-term price predictions for Ethereum remain bullish.
  • Although ETH is currently trading at $1,914 with daily losses, experts forecast a significant price upsurge in the future.

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