BlockBeats News, March 17th, According to intotheblock, on-chain data shows that Ethereum has a significant support area just below $1900, with approximately 3.56 million ETH purchased between $1843 and $1900.
This accumulation indicates a strong support in this area. However, if the Ethereum price falls below this range, the risk of a breakdown will increase as demand seems to significantly weaken below this level.
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