Ethereum’s market behavior has been observed by both investors and analysts as the second-largest cryptocurrency navigates a period of market uncertainty. Recent data concerning Ethereum’s cost basis distribution provides valuable insight into what could be potential support and resistance levels, helping to shape the price movement in the short term. By analyzing in detail the buying patterns of Ethereum addresses at various price points, we get a clearer picture of what might serve as the price consolidation in the short term, as well as what might act as resistance if Ethereum tries to grow in price any further. Short-Term Support
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