Ethereum May Be One Dip Away From Mass Losses—Data Warns

Description

On-chain data shows a large portion of the Ethereum market cap was acquired near the current price, making ETH’s position potentially fragile. $123 Billion In Ethereum Market Cap Sits Close To Cost Basis As explained by the on-chain analytics firm Glassnode in a new post on X, the largest share of the Ethereum market cap is currently above the spot price by just 0 to 20%. Related Reading: How Does Bitcoin Investor Behavior Shape Trends? Glassnode Reveals The indicator of relevance here is the “M...