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Ethereum Approaches Historical Accumulation Level – Just 8% Away From LTH Cost Basis
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Ethereum Approaches Historical Accumulation Level – Just 8% Away From LTH Cost Basis
Ethereum is trading around key demand levels as fear and uncertainty grip the broader crypto market. The second-largest cryptocurrency by market capitalization has struggled to regain bullish momentum, currently hovering near $3,150 after weeks of consistent selling pressure. However, new on-chain data from CryptoQuant reveals that Ethereum might be nearing a crucial accumulation zone — one historically associated with long-term holder activity …
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