Following months of lethargy, Ethereum analysis and price predictions are coming thick and fast as the asset has gained around 60% since the beginning of May.
Ethereum has broken out of a month-long consolidation range, with key technical levels now defined by investor cost basis distribution, as reported by Glassnode on June 11.
Strong support exists between $2,700 and $2,760, where more than 2 million ETH is held by investors who accumulated during the recent consolidation period. This creates a potential floor for the price, it noted.
#Ethereum just broke out of a month-long range. Cost Basis Distribution shows 1.3M $ETH held around $2.70K and $2.74K, and 800K #ETH at $2.76K. These investors accumulated during consolidation and now will potentially form a strong support zone. pic.twitter.com/X6zQRnzIyF
— glassnode (@glassnode) June 11, 2025
Ethereum Clear for Move to $3,400
Above current levels, resistance is relatively light and evenly distributed up to around $3,400, where the
We współpracy z: https://cryptopotato.com/ethereum-breaks-out-with-clear-path-to-3400-analysts/
