Glassnode Analysis: ETH Price Faces Resistance After Surpassing $2500
ChainCatcher reports that Glassnode data shows the ETH price surged from $1800 to $2500 due to low supply concentration in this range. The rally was halted near $2580, a level holding about 1.3 million ETH; as the price approached, the supply dropped to 1 million, indicating holders exiting near the cost price.
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