Sentora: Approximately 4.1 million Ethereum addresses have a cost basis around $3100, which may trigger a large sell-off
According to reports from Hash Chain, based on Sentora's data, about 4.1 million Ethereum addresses holding ETH have been in a loss position over the past six months. The cost basis for these addresses is mainly concentrated around $3100. If the price of Ethereum reaches $3100, these holders may choose to sell off in large quantities to break even. Currently, there is little resistance between $3000 and $3100, but once $3100 is breached, it could trigger a wave of sell-offs.
According to reports from Hash Chain, based on Sentora's data, about 4.1 million Ethereum addresses holding ETH have been in a loss position over the past six months. The cost basis for these addresses is mainly concentrated around $3100. If the price of Ethereum reaches $3100, these holders may choose to sell off in large quantities to break even. Currently, there is little resistance between $3000 and $3100, but once $3100 is breached, it could trigger a wave of sell-offs.