A crypto analyst has explained how the range around $2,000 could become a major Ethereum support base for years, making it not too late to buy ETH right now.
43.8 Million Ethereum Was Acquired Between $1,900 And $2,100
In a new post on X, analyst Ali has discussed about why Ethereum could still be worth getting into at this point. The analyst has cited data from the market intelligence platform IntoTheBlock to explain this, referring to the on-chain acquisition distribution of the cryptocurrency.
In the above graph, the dots represent the number of investors or addresses who bought their coins within the corresponding price range. Naturally, the larger the size of the dot, the more is the density of holders who bought inside the range.
It appears that out of all the price ranges that ETH has visited in its entire history, the $1,900 to $2,100 one hosts the cost basis of the largest number of holders.
ETH was just recently consolidating inside this range, and as trading occurred insid
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