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Glassnode: The current cost basis level for ETH investors may be in the range of $2800, and selling pressure is gradually increasing.
According to a report by Golden Finance, the on-chain analysis platform Glassnode stated on X that the current investor cost basis level for ETH is around $2800. As the price approaches this price range, the selling cost is gradually increasing, as many investors who previously held large amounts of funds may seek to drop their risk near the breakeven point. In addition, if the price stagnates, investors holding positions at that price level may intensify rapid sell-offs, and if accompanied by ETF fund outflows or whale withdrawals, market sentiment may change.