Ethereum holders $ETH prepare to break the barrier
According to In/Out of Money Around Price (IOMAP), strong support is at the level of $3,352. Here, 3.34 million addresses hold 3.18 million coins and are in profit.
IOMAP classifies addresses by unrealized profits, losses, or breakeven points. The larger the volume or number of addresses in the accumulation range, the stronger the support or resistance. A greater volume in loss signals stronger resistance, while a greater volume in profit indicates stronger support.
The main resistance for Ethereum is at the level of $3,508. Here, 3.90 million addresses bought 1.62 million ETH. If buying activity increases, the price may overcome this barrier and approach $4,000.
The Coins Holding Time indicator supports an optimistic scenario. This metric assesses how long cryptocurrency is held without being sold or transacted. The longer holders do not sell, the more holding time increases. When this indicator decreases, it means that investors are selling the asset.#BtcNewHolder
