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📰 【Analyst: ETH Is Testing a Key Cost Level at $2,340—Price Could Become the Bull-Bear Turning Point】
BlockBeats reported that on April 23, analyst Ali Charts said in a post that ETH is currently testing a key level that has historically separated bear markets from macro expansion phases. ETH is currently trading close to its realized price of about $2,340; this level represents the average cost basis of all on-chain investors. Historically, during market recovery phases, the realized price often acts as a “selling pressure wall,” and investors tend to break even by selling at that level. But once this level is successfully flipped into a support level, ETH typically moves into a high-certainty expansion phase.
Brothers, keep your eyes on this! ETH is back at the familiar $2,340 spot. This price is the average cost for everyone across the entire chain. A bunch of people are trapped—when they want to get back to even, the first thing they do is dump and run. But from Soluo’s honest heart-to-heart: if this level is truly held by the bulls and forcibly turned into support, then the road ahead is wide open. The historical rules are right there—whether it can take off depends on this one shiver.
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