Here lies the last line of the Ethereum defense, according to the chain data

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Data in the chain show that Ethereum broke at all main levels of basic investors, except for one. This is now the price level here.

Ethereum has only completed the price of mega whales that you can now rely

In swift cryptochants postThe Mac_D analyst discussed where the next main level of support for Ethereum may lie. The poem in question is a version of the completed price.

The “realized price” is an indicator in a chain that briefly follows the average basis of the costs of investors belonging to a given Kohort Eth. When this record is below the spot price, it means that the average member of the group holds coins after net losses. On the other hand, it is above the value of the asset suggests that Kohort as a whole is in a state of net profit.

The basis of investor costs is considered an crucial topic in chain analysis, because holders may be more likely to show a certain movement when their profit loss status is challenged.

Regardless of whether investors react through purchase or sale, it may fall to which direction is re -acquired. When it is from above, the owners can decide to meet more if the atmosphere is stubborn because they can consider withdrawal as “immersion”. This provides support for the asset component, thus defending their costs.

Similarly, investors who were under water just before the re -test may believe that growth will not last and will return to the losses again. So they could decide to leave, at least escape with the entire investment.

The basic level of costs, which showed special importance not only for Ethereum, but in general digital assets are the completed price of the entire network. As the chart shared by the amounts shows, this level is currently around USD 2,250 for ETH.

Ethereum completed the price
It seems that the price of the coin has fallen in the record in recent days Source: Cryptochant

The chart shows that the line was provided by Ethereum last year, but recently failed, because the price of the coin has dropped significantly under it. This means that the average blockchain owner is now sitting on a significant loss.

Along with this main level, the completed price of individual kohort can lend a hand indicate where the next support can be. Here is a chart showing the indicator trend for investors with 100 to 1000 ETH, 1,000 to 10,000 ETH, 10,000 to 100,000 ETH and over 100,000 ETH:

Ethereum Whale base
It seems that now there is only one level in the price Source: Cryptochant

As you can see in the chart, Ethereum placed three cohorts under water with the latest disaster. Now only the largest owners in the sector, people from over 100,000 ETH in balance, are still green.

On the bear market, 2022 ETH found support at the completed price of these huge whales. Therefore, it is possible that this line may once again be relevant to ETH.

Currently, Kohort has its average level of obtaining of USD 1,2,20, so he will take more bears before it can take place again.

Price ETH

At the time of writing, Ethereum trads around USD 1,500, which is over 16% in the last 24 hours.

Ethereum price chart
It seems that the price of the coin has dropped Source: Ethusdt on TradingView

Recommended photo from Dall-E, Cryptoquant.com, Chart from TradingView.com

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