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Experts and publishers analyze confidence. Ethereum’s recent price progress has been positive, hovering around $2,700. Yet, challenges persist around this range. Glassnode research points to a critical level near $2,800, indicating heavy investor activity in that price region. Cumulative Cost Basis (CBD) metrics suggest potential sell-offs at this level. Maintaining support above $2,800 is crucial, with a possible fallback to $2,380 if selling pressure persists. The editorial process at bitcoinist ensures top-quality, unbiased content reviewed by tech experts and editors.๐
https://altcoin.observer/the-blockchain-company-explains-why-ethereum-price-cannot-maintain-above-2700/
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