On-chain analytics firm Glassnode reported on X that selling pressure is rising as Ethereum (ETH) approaches the $2,800 level. This price range represents a concentrated cost basis for many investors, prompting holders who were previously underwater to exit positions at breakeven to mitigate risk.
Analysis: Selling pressure may rise for ETH near $2.8K level
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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