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Investors Acquire US$300 Million of Ethereum as Price Drops
Ethereum (ETH) recently experienced a price drop to touch US$3,300 per coin. Interestingly, according to data from Glassnode, investors bought 87 thousand ETH or US$300 million in the last 24 hours.
With this capital flow, this is in line with the increase in *on-chain* activity and shows investor confidence in Ethereum's potential recovery.
This continued activity reflects growing confidence in Ethereum's potential recovery. As investors continue to show interest in this altcoin, Ethereum's resilience is getting stronger, preventing it from falling below the *support* level.
-# source image: GettyImages