• bitcoinBitcoin (BTC) $ 115,948.00
  • ethereumEthereum (ETH) $ 2,948.10
  • tetherTether (USDT) $ 0.999990
  • xrpXRP (XRP) $ 2.55
  • bnbBNB (BNB) $ 690.04
  • solanaSolana (SOL) $ 164.50
  • usd-coinUSDC (USDC) $ 0.999812
  • dogecoinDogecoin (DOGE) $ 0.195663
  • tronTRON (TRX) $ 0.294596
  • staked-etherLido Staked Ether (STETH) $ 2,946.03
  • cardanoCardano (ADA) $ 0.680898
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 115,828.00
  • hyperliquidHyperliquid (HYPE) $ 43.93
  • wrapped-stethWrapped stETH (WSTETH) $ 3,559.82
  • suiSui (SUI) $ 3.47
  • chainlinkChainlink (LINK) $ 15.30
  • bitcoin-cashBitcoin Cash (BCH) $ 518.52
  • stellarStellar (XLM) $ 0.302596
  • avalanche-2Avalanche (AVAX) $ 20.79
  • leo-tokenLEO Token (LEO) $ 9.03
  • hedera-hashgraphHedera (HBAR) $ 0.193848
  • wrapped-eethWrapped eETH (WEETH) $ 3,158.26
  • shiba-inuShiba Inu (SHIB) $ 0.000013
  • wethWETH (WETH) $ 2,947.58
  • usdsUSDS (USDS) $ 0.999661
  • the-open-networkToncoin (TON) $ 2.95
  • litecoinLitecoin (LTC) $ 95.01
  • whitebitWhiteBIT Coin (WBT) $ 46.63
  • binance-bridged-usdt-bnb-smart-chainBinance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 1.00
  • moneroMonero (XMR) $ 329.79
  • coinbase-wrapped-btcCoinbase Wrapped BTC (CBBTC) $ 115,971.00
  • polkadotPolkadot (DOT) $ 3.88
  • bitget-tokenBitget Token (BGB) $ 4.55
  • ethena-usdeEthena USDe (USDE) $ 1.00
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  • uniswapUniswap (UNI) $ 8.41
  • aaveAave (AAVE) $ 306.94
  • pi-networkPi Network (PI) $ 0.503317
  • daiDai (DAI) $ 0.999749
  • bittensorBittensor (TAO) $ 375.70
  • aptosAptos (APT) $ 4.89
  • ethena-staked-usdeEthena Staked USDe (SUSDE) $ 1.18
  • nearNEAR Protocol (NEAR) $ 2.53
  • crypto-com-chainCronos (CRO) $ 0.097076
  • okbOKB (OKB) $ 49.10
  • internet-computerInternet Computer (ICP) $ 5.43
  • jito-staked-solJito Staked SOL (JITOSOL) $ 199.98
  • ondo-financeOndo (ONDO) $ 0.896644
  • blackrock-usd-institutional-digital-liquidity-fundBlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
  • ethereum-classicEthereum Classic (ETC) $ 18.44
  • susdssUSDS (SUSDS) $ 1.06
  • kaspaKaspa (KAS) $ 0.086132
  • usd1-wlfiUSD1 (USD1) $ 1.00
  • cosmosCosmos Hub (ATOM) $ 4.66
  • mantleMantle (MNT) $ 0.628273
  • vechainVeChain (VET) $ 0.024161
  • ethenaEthena (ENA) $ 0.318816
  • polygon-ecosystem-tokenPOL (ex-MATIC) (POL) $ 0.223989
  • arbitrumArbitrum (ARB) $ 0.403850
  • official-trumpOfficial Trump (TRUMP) $ 9.82
  • gatechain-tokenGate (GT) $ 16.24
  • fasttokenFasttoken (FTN) $ 4.46
  • fetch-aiArtificial Superintelligence Alliance (FET) $ 0.738147
  • render-tokenRender (RENDER) $ 3.68
  • algorandAlgorand (ALGO) $ 0.214859
  • bonkBonk (BONK) $ 0.000024
  • worldcoin-wldWorldcoin (WLD) $ 1.07
  • skySky (SKY) $ 0.083974
  • binance-peg-wethBinance-Peg WETH (WETH) $ 2,951.16
  • sei-networkSei (SEI) $ 0.318983
  • filecoinFilecoin (FIL) $ 2.59
  • lombard-staked-btcLombard Staked BTC (LBTC) $ 115,676.00
  • quant-networkQuant (QNT) $ 115.20
  • jupiter-perpetuals-liquidity-provider-tokenJupiter Perpetuals Liquidity Provider Token (JLP) $ 4.73
  • binance-staked-solBinance Staked SOL (BNSOL) $ 174.04
  • spx6900SPX6900 (SPX) $ 1.65
  • jupiter-exchange-solanaJupiter (JUP) $ 0.486958
  • usdtbUSDtb (USDTB) $ 0.999538
  • first-digital-usdFirst Digital USD (FDUSD) $ 0.998066
  • kucoin-sharesKuCoin (KCS) $ 11.36
  • kelp-dao-restaked-ethKelp DAO Restaked ETH (RSETH) $ 3,088.24
  • rocket-pool-ethRocket Pool ETH (RETH) $ 3,358.17
  • usdt0USDT0 (USDT0) $ 1.00
  • celestiaCelestia (TIA) $ 1.87
  • fartcoinFartcoin (FARTCOIN) $ 1.31
  • nexoNEXO (NEXO) $ 1.27
  • pudgy-penguinsPudgy Penguins (PENGU) $ 0.019171
  • injective-protocolInjective (INJ) $ 12.24
  • xdce-crowd-saleXDC Network (XDC) $ 0.072689
  • flare-networksFlare (FLR) $ 0.016856
  • virtual-protocolVirtuals Protocol (VIRTUAL) $ 1.78
  • optimismOptimism (OP) $ 0.663691
  • blockstackStacks (STX) $ 0.745630
  • mantle-staked-etherMantle Staked Ether (METH) $ 3,147.74
  • stakewise-v3-osethStakeWise Staked ETH (OSETH) $ 3,096.58
  • sonic-3Sonic (S) $ 0.339836
  • polygon-bridged-usdt-polygonPolygon Bridged USDT (Polygon) (USDT) $ 1.00
  • solv-btcSolv Protocol BTC (SOLVBTC) $ 115,714.00
  • dogwifcoindogwifhat (WIF) $ 1.05
  • binance-bridged-usdc-bnb-smart-chainBinance Bridged USDC (BNB Smart Chain) (USDC) $ 1.00
  • renzo-restaked-ethRenzo Restaked ETH (EZETH) $ 3,105.20
  • story-2Story (IP) $ 3.44
  • flokiFLOKI (FLOKI) $ 0.000102
  • tokenize-xchangeTokenize Xchange (TKX) $ 12.76
  • the-graphThe Graph (GRT) $ 0.097566
  • syrupusdcSyrupUSDC (SYRUPUSDC) $ 1.11
  • arbitrum-bridged-wbtc-arbitrum-oneArbitrum Bridged WBTC (Arbitrum One) (WBTC) $ 115,727.00
  • pax-goldPAX Gold (PAXG) $ 3,329.57
  • kaiaKaia (KAIA) $ 0.158376
  • immutable-xImmutable (IMX) $ 0.492034
  • wbnbWrapped BNB (WBNB) $ 690.94
  • clbtcclBTC (CLBTC) $ 117,048.00
  • paypal-usdPayPal USD (PYUSD) $ 0.999383
  • pancakeswap-tokenPancakeSwap (CAKE) $ 2.50
  • vaultaVaulta (A) $ 0.544838
  • jupiter-staked-solJupiter Staked SOL (JUPSOL) $ 184.76
  • liquid-staked-ethereumLiquid Staked ETH (LSETH) $ 3,184.73
  • curve-dao-tokenCurve DAO (CRV) $ 0.607209
  • tether-goldTether Gold (XAUT) $ 3,328.18
  • msolMarinade Staked SOL (MSOL) $ 215.10
  • theta-tokenTheta Network (THETA) $ 0.797585
  • galaGALA (GALA) $ 0.017011
  • lido-daoLido DAO (LDO) $ 0.842794
  • raydiumRaydium (RAY) $ 2.72
  • ethereum-name-serviceEthereum Name Service (ENS) $ 21.99
  • iotaIOTA (IOTA) $ 0.182178
  • ousgOUSG (OUSG) $ 111.75
  • superstate-short-duration-us-government-securities-fund-ustbSuperstate Short Duration U.S. Government Securities Fund (USTB) (USTB) $ 10.74
  • the-sandboxThe Sandbox (SAND) $ 0.287508
  • memecoreMemeCore (M) $ 0.442481
  • jasmycoinJasmyCoin (JASMY) $ 0.014198
  • jito-governance-tokenJito (JTO) $ 1.97
  • zcashZcash (ZEC) $ 42.03
  • usdx-money-usdxStables Labs USDX (USDX) $ 0.998250
  • aerodrome-financeAerodrome Finance (AERO) $ 0.785409
  • super-oethSuper OETH (SUPEROETH) $ 2,945.45
  • pendlePendle (PENDLE) $ 4.01
  • pyth-networkPyth Network (PYTH) $ 0.113991
  • bittorrentBitTorrent (BTT) $ 0.00000065
  • mantle-restaked-ethMantle Restaked ETH (CMETH) $ 3,141.73
  • wrapped-hypeWrapped HYPE (WHYPE) $ 44.10
  • ondo-us-dollar-yieldOndo US Dollar Yield (USDY) $ 1.08
  • tezosTezos (XTZ) $ 0.593086
  • saros-financeSaros (SAROS) $ 0.235514
  • cgeth-hashkey-cloudcgETH Hashkey Cloud (CGETH.HASH) $ 3,073.84
  • newton-projectAB (AB) $ 0.009127
  • solv-protocol-solvbtc-bbnSolv Protocol Staked BTC (XSOLVBTC) $ 115,336.00
  • tbtctBTC (TBTC) $ 115,747.00
  • l2-standard-bridged-weth-baseL2 Standard Bridged WETH (Base) (WETH) $ 2,946.70
  • flowFlow (FLOW) $ 0.372536
  • usual-usdUsual USD (USD0) $ 0.997751
  • decentralandDecentraland (MANA) $ 0.303115
  • based-brettBrett (BRETT) $ 0.057824
  • mog-coinMog Coin (MOG) $ 0.000001
  • walrus-2Walrus (WAL) $ 0.411129
  • banana-for-scale-2Banana For Scale (BANANAS31) $ 0.055091
  • bitcoin-avalanche-bridged-btc-bAvalanche Bridged BTC (Avalanche) (BTC.B) $ 115,938.00
  • falcon-financeFalcon USD (USDF) $ 0.999270
  • syrupMaple Finance (SYRUP) $ 0.506111
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  • coredaoorgCore (CORE) $ 0.537611
  • thorchainTHORChain (RUNE) $ 1.52
  • apecoinApeCoin (APE) $ 0.664693
  • bitcoin-svBitcoin SV (BSV) $ 26.27
  • staked-hypeStaked HYPE (STHYPE) $ 44.07
  • ripple-usdRipple USD (RLUSD) $ 0.999702
  • starknetStarknet (STRK) $ 0.139492
  • binance-peg-dogecoinBinance-Peg Dogecoin (DOGE) $ 0.195327
  • arbitrum-bridged-weth-arbitrum-oneArbitrum Bridged WETH (Arbitrum One) (WETH) $ 2,947.57
  • chain-2Onyxcoin (XCN) $ 0.014447
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  • heliumHelium (HNT) $ 2.61
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  • venomVenom (VENOM) $ 0.226974
  • dog-go-to-the-moon-runeDog (Bitcoin) (DOG) $ 0.004697
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  • compound-governance-tokenCompound (COMP) $ 48.02
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  • hashnote-usycCircle USYC (USYC) $ 1.09
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  • usdbUSDB (USDB) $ 0.991066
  • telcoinTelcoin (TEL) $ 0.004364

Ethereum Cost Basis Data Signals Strong Support At $1,886 – Details

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Ethereum Cost Basis Data Signals Strong Support At $1,886 – Details

The Ethereum (ETH) market has experienced some recent good fortunes rising by over 5% in the past 24 hours. Despite this price gain, the prominent altcoin remains in a downtrend as indicated by its 11.17% loss in the past week. However, prominent analytics platform Glassnode has discovered an important price level that could offer some short-term support.

Investors Boost Accumulation By 300,000 ETH At This Price Region – What Could It Mean?

In an X post on March 14, Glassnode provided an intriguing analysis of the ETH market highlighting a potential strong support level. Based on the Cost Basis Distribution (CBD) metric, these analysts believe ETH is likely to hit a major support zone at the $1,886 price level in the case of a further price decline.

In the crypto market, CBD represents a crucial on-chain metric that tracks the price levels at which tokens were last sold or bought. When a significant number of coins is acquired within a specific price range, that zone often serves as a support or resistance level.

Ethereum Cost Basis Data Signals Strong Support At $1,886 – Details

According to Glassnode, Ethereum’s CBD data shows that investors’ supply at $1,886 has grown from 1.6 million ETH to 1.9 million ETH indicating the acquisition of an additional 300,000 ETH when price last reached this level. This development postulates that a significant portion of investors view $1,886 as a crucial price point and are likely to increase their holdings in this region to prevent any further decline thus creating a viable support zone.

Glassnode notes that this postulation aligns with insights from its custom capitulation metric design to capture price capitulation events leveraging the use of weighted sell volumes and non-linear economic pain experienced by investors. However, it’s worth noting that the $1,886 price level can only offer short-term support suggesting a likely price capitulation in the presence of overwhelming selling pressure.

Ethereum Price Overview

At the time of writing, Ethereum trades at $1,924 following a 5% gain on the last day as previously stated. Meanwhile, the market’s daily trading volume is down by 29.29% and valued at $12.91 billion. Interestingly, the Relative Strength Index metric suggests Ethereum could soon enter the oversold region and potentially experience a price reversal.

However, ETH bulls are confronted with multiple resistance zones at $2,249, $2,539, and $2,829 if they are to pull off any significant rebound and halt the current downtrend. On the other hand, any decisive price fall below $1,886 could lead to lower levels Such as $1,650 and $1,132.

Featured image from iStock, chart from Tradingview

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