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Ethereum Price Forecast: ETH's rise above $2,300 not yet backed by robust demand
Ethereum (ETH) quickly reclaimed $2,300 again on Thursday after a slight dip below the level in the early American session. The top altcoin has been facing pressure near $2,380, which aligns with a key technical resistance and is close to its realized price or onchain average cost basis of investors. Particularly, that level is sandwiched between the cost basis of two cohorts, wallets with a balance of 10K-100K ETH and 1K-10K ETH at $2,324 and $2,436, respectively. The former cohort, also known as whale wallets, has shown signs of distribution after prices climbed above their cost basis on Monday, offloading just 60K ... (full story)
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