• bitcoinBitcoin (BTC) $ 105,710.00
  • ethereumEthereum (ETH) $ 2,471.70
  • tetherTether (USDT) $ 1.00
  • xrpXRP (XRP) $ 2.33
  • bnbBNB (BNB) $ 645.01
  • solanaSolana (SOL) $ 165.80
  • usd-coinUSDC (USDC) $ 0.999855
  • dogecoinDogecoin (DOGE) $ 0.220027
  • cardanoCardano (ADA) $ 0.729272
  • tronTRON (TRX) $ 0.273606
  • staked-etherLido Staked Ether (STETH) $ 2,470.64
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 105,529.00
  • suiSui (SUI) $ 3.83
  • wrapped-stethWrapped stETH (WSTETH) $ 2,978.72
  • chainlinkChainlink (LINK) $ 15.36
  • avalanche-2Avalanche (AVAX) $ 21.94
  • stellarStellar (XLM) $ 0.282734
  • hyperliquidHyperliquid (HYPE) $ 25.79
  • shiba-inuShiba Inu (SHIB) $ 0.000014
  • hedera-hashgraphHedera (HBAR) $ 0.191764
  • leo-tokenLEO Token (LEO) $ 8.75
  • bitcoin-cashBitcoin Cash (BCH) $ 386.97
  • the-open-networkToncoin (TON) $ 3.05
  • litecoinLitecoin (LTC) $ 93.71
  • usdsUSDS (USDS) $ 0.999886
  • polkadotPolkadot (DOT) $ 4.57
  • wethWETH (WETH) $ 2,458.22
  • moneroMonero (XMR) $ 345.20
  • bitget-tokenBitget Token (BGB) $ 5.14
  • binance-bridged-usdt-bnb-smart-chainBinance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 0.999632
  • wrapped-eethWrapped eETH (WEETH) $ 2,634.80
  • pepePepe (PEPE) $ 0.000013
  • pi-networkPi Network (PI) $ 0.733672
  • ethena-usdeEthena USDe (USDE) $ 1.00
  • coinbase-wrapped-btcCoinbase Wrapped BTC (CBBTC) $ 105,440.00
  • whitebitWhiteBIT Coin (WBT) $ 30.20
  • aaveAave (AAVE) $ 258.19
  • daiDai (DAI) $ 0.999972
  • bittensorBittensor (TAO) $ 410.75
  • uniswapUniswap (UNI) $ 5.75
  • nearNEAR Protocol (NEAR) $ 2.70
  • aptosAptos (APT) $ 5.04
  • okbOKB (OKB) $ 51.93
  • jito-staked-solJito Staked SOL (JITOSOL) $ 198.89
  • ondo-financeOndo (ONDO) $ 0.930394
  • blackrock-usd-institutional-digital-liquidity-fundBlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
  • tokenize-xchangeTokenize Xchange (TKX) $ 36.03
  • crypto-com-chainCronos (CRO) $ 0.095187
  • kaspaKaspa (KAS) $ 0.107300
  • ethereum-classicEthereum Classic (ETC) $ 18.06
  • internet-computerInternet Computer (ICP) $ 5.11
  • official-trumpOfficial Trump (TRUMP) $ 13.21
  • gatechain-tokenGate (GT) $ 21.32
  • mantleMantle (MNT) $ 0.742128
  • ethena-staked-usdeEthena Staked USDe (SUSDE) $ 1.17
  • susdssUSDS (SUSDS) $ 1.05
  • vechainVeChain (VET) $ 0.027569
  • render-tokenRender (RENDER) $ 4.53
  • usd1-wlfiUSD1 (USD1) $ 1.00
  • cosmosCosmos Hub (ATOM) $ 4.71
  • ethenaEthena (ENA) $ 0.361162
  • lombard-staked-btcLombard Staked BTC (LBTC) $ 105,412.00
  • polygon-ecosystem-tokenPOL (ex-MATIC) (POL) $ 0.228249
  • fetch-aiArtificial Superintelligence Alliance (FET) $ 0.723453
  • fasttokenFasttoken (FTN) $ 4.39
  • algorandAlgorand (ALGO) $ 0.218785
  • arbitrumArbitrum (ARB) $ 0.384360
  • filecoinFilecoin (FIL) $ 2.79
  • celestiaCelestia (TIA) $ 2.59
  • worldcoin-wldWorldcoin (WLD) $ 1.08
  • jupiter-perpetuals-liquidity-provider-tokenJupiter Perpetuals Liquidity Provider Token (JLP) $ 4.50
  • sonic-3Sonic (prev. FTM) (S) $ 0.493930
  • first-digital-usdFirst Digital USD (FDUSD) $ 0.995935
  • bonkBonk (BONK) $ 0.000019
  • binance-peg-wethBinance-Peg WETH (WETH) $ 2,455.92
  • kucoin-sharesKuCoin (KCS) $ 11.74
  • jupiter-exchange-solanaJupiter (JUP) $ 0.493004
  • binance-staked-solBinance Staked SOL (BNSOL) $ 174.10
  • kelp-dao-restaked-ethKelp DAO Restaked ETH (RSETH) $ 2,562.81
  • blockstackStacks (STX) $ 0.844303
  • solv-btcSolv Protocol BTC (SOLVBTC) $ 105,670.00
  • nexoNEXO (NEXO) $ 1.27
  • story-2Story (IP) $ 4.50
  • fartcoinFartcoin (FARTCOIN) $ 1.25
  • virtual-protocolVirtuals Protocol (VIRTUAL) $ 1.88
  • flare-networksFlare (FLR) $ 0.018804
  • sei-networkSei (SEI) $ 0.220386
  • eosEOS (EOS) $ 0.771394
  • makerMaker (MKR) $ 1,698.76
  • immutable-xImmutable (IMX) $ 0.632293
  • optimismOptimism (OP) $ 0.699865
  • usdt0USDT0 (USDT0) $ 0.998688
  • rocket-pool-ethRocket Pool ETH (RETH) $ 2,810.38
  • xdce-crowd-saleXDC Network (XDC) $ 0.073267
  • injective-protocolInjective (INJ) $ 11.81
  • the-graphThe Graph (GRT) $ 0.106831
  • dogwifcoindogwifhat (WIF) $ 0.964442
  • curve-dao-tokenCurve DAO (CRV) $ 0.701090
  • flokiFLOKI (FLOKI) $ 0.000095
  • mantle-staked-etherMantle Staked Ether (METH) $ 2,631.93
  • binance-bridged-usdc-bnb-smart-chainBinance Bridged USDC (BNB Smart Chain) (USDC) $ 0.999106
  • raydiumRaydium (RAY) $ 3.09
  • paypal-usdPayPal USD (PYUSD) $ 0.999589
  • wbnbWrapped BNB (WBNB) $ 645.06
  • theta-tokenTheta Network (THETA) $ 0.882072
  • msolMarinade Staked SOL (MSOL) $ 214.31
  • jupiter-staked-solJupiter Staked SOL (JUPSOL) $ 183.62
  • arbitrum-bridged-wbtc-arbitrum-oneArbitrum Bridged WBTC (Arbitrum One) (WBTC) $ 105,101.00
  • jasmycoinJasmyCoin (JASMY) $ 0.017661
  • polygon-bridged-usdt-polygonPolygon Bridged USDT (Polygon) (USDT) $ 1.00
  • galaGALA (GALA) $ 0.018659
  • tether-goldTether Gold (XAUT) $ 3,287.19
  • clbtcclBTC (CLBTC) $ 105,067.00
  • renzo-restaked-ethRenzo Restaked ETH (EZETH) $ 2,580.36
  • walrus-2Walrus (WAL) $ 0.629209
  • pax-goldPAX Gold (PAXG) $ 3,302.60
  • pudgy-penguinsPudgy Penguins (PENGU) $ 0.012378
  • iotaIOTA (IOTA) $ 0.218411
  • lido-daoLido DAO (LDO) $ 0.860367
  • coredaoorgCore (CORE) $ 0.759352
  • the-sandboxThe Sandbox (SAND) $ 0.303364
  • dexeDeXe (DEXE) $ 12.78
  • stakewise-v3-osethStakeWise Staked ETH (OSETH) $ 2,567.79
  • pancakeswap-tokenPancakeSwap (CAKE) $ 2.25
  • ethereum-name-serviceEthereum Name Service (ENS) $ 21.66
  • bittorrentBitTorrent (BTT) $ 0.00000073
  • pendlePendle (PENDLE) $ 4.40
  • heliumHelium (HNT) $ 3.89
  • bitcoin-svBitcoin SV (BSV) $ 34.83
  • kaiaKaia (KAIA) $ 0.115598
  • solv-protocol-solvbtc-bbnSolv Protocol Staked BTC (XSOLVBTC) $ 103,996.00
  • spx6900SPX6900 (SPX) $ 0.714701
  • jito-governance-tokenJito (JTO) $ 1.97
  • based-brettBrett (BRETT) $ 0.065570
  • usdx-money-usdxStables Labs USDX (USDX) $ 0.999900
  • chain-2Onyxcoin (XCN) $ 0.019349
  • zcashZcash (ZEC) $ 40.34
  • usual-usdUsual USD (USD0) $ 0.997561
  • tezosTezos (XTZ) $ 0.605228
  • polyhedra-networkPolyhedra Network (ZKJ) $ 2.05
  • flowFlow (FLOW) $ 0.395392
  • ousgOUSG (OUSG) $ 111.11
  • thorchainTHORChain (RUNE) $ 1.75
  • ondo-us-dollar-yieldOndo US Dollar Yield (USDY) $ 1.11
  • decentralandDecentraland (MANA) $ 0.314404
  • l2-standard-bridged-weth-baseL2 Standard Bridged WETH (Base) (WETH) $ 2,458.56
  • binance-peg-dogecoinBinance-Peg Dogecoin (DOGE) $ 0.219149
  • grassGrass (GRASS) $ 2.03
  • super-oethSuper OETH (SUPEROETH) $ 2,458.29
  • sonic-bridged-usdc-e-sonicSonic Bridged USDC.e (Sonic) (USDC.E) $ 1.00
  • bitcoin-avalanche-bridged-btc-bAvalanche Bridged BTC (Avalanche) (BTC.B) $ 105,570.00
  • cgeth-hashkey-cloudcgETH Hashkey Cloud (CGETH.HASH) $ 2,548.26
  • apecoinApeCoin (APE) $ 0.631889
  • mantle-restaked-ethMantle Restaked ETH (CMETH) $ 2,621.00
  • elrond-erd-2MultiversX (EGLD) $ 17.82
  • aerodrome-financeAerodrome Finance (AERO) $ 0.615780
  • aioz-networkAIOZ Network (AIOZ) $ 0.421337
  • tbtctBTC (TBTC) $ 105,536.00
  • true-usdTrueUSD (TUSD) $ 0.997073
  • dydx-chaindYdX (DYDX) $ 0.632396
  • reserve-rights-tokenReserve Rights (RSR) $ 0.008474
  • arbitrum-bridged-weth-arbitrum-oneArbitrum Bridged WETH (Arbitrum One) (WETH) $ 2,457.42
  • axie-infinityAxie Infinity (AXS) $ 2.93
  • arweaveArweave (AR) $ 7.17
  • beldexBeldex (BDX) $ 0.065327
  • ketKet (KET) $ 0.466754
  • pumpbtcpumpBTC (PUMPBTC) $ 102,293.00
  • starknetStarknet (STRK) $ 0.146879
  • deepDeepBook (DEEP) $ 0.182300
  • pyth-networkPyth Network (PYTH) $ 0.125689
  • movementMovement (MOVE) $ 0.178399
  • kavaKava (KAVA) $ 0.419515
  • neoNEO (NEO) $ 6.41
  • bridged-usdc-polygon-pos-bridgeBridged USDC (Polygon PoS Bridge) (USDC.E) $ 0.999818
  • telcoinTelcoin (TEL) $ 0.004886
  • roninRonin (RON) $ 0.685168
  • kaitoKAITO (KAITO) $ 1.83
  • morphoMorpho (MORPHO) $ 1.63
  • ecasheCash (XEC) $ 0.000022
  • conflux-tokenConflux (CFX) $ 0.086628
  • aethirAethir (ATH) $ 0.048170
  • apenftAPENFT (NFT) $ 0.00000044
  • popcatPopcat (POPCAT) $ 0.435777
  • wormholeWormhole (W) $ 0.092113
  • chilizChiliz (CHZ) $ 0.042930
  • saros-financeSaros (SAROS) $ 0.156943
  • eigenlayerEigenlayer (EIGEN) $ 1.36
  • hashnote-usycCircle USYC (USYC) $ 1.09
  • ether-fi-staked-ethether.fi Staked ETH (EETH) $ 2,472.73
  • mog-coinMog Coin (MOG) $ 0.000001
  • usdbUSDB (USDB) $ 0.995895
  • beam-2Beam (BEAM) $ 0.007687
  • ether-fiEther.fi (ETHFI) $ 1.24
  • aave-usdc-sonicAave USDC (Sonic) (ASONUSDC) $ 0.999681
  • syrupMaple Finance (SYRUP) $ 0.367259
  • amp-tokenAmp (AMP) $ 0.004667
  • mantle-bridged-usdt-mantleMantle Bridged USDT (Mantle) (USDT) $ 1.00
  • plumePlume (PLUME) $ 0.167195
  • ether-fi-staked-btcEther.fi Staked BTC (EBTC) $ 104,291.00
  • compound-governance-tokenCompound (COMP) $ 42.23

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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