- ETH ($2,892.35) found critical support at key levels.
- Network growth showed more ETH addresses popping up.
Ethereum’s[ETH] price is finding strong support between $3,700 and $3,810, where 3 million addresses have accumulated 4.6 million ETH. This critical accumulation zone reflects growing investor confidence and provides a cushion against potential bearish pressures.
With strong demand-supply dynamics and key Fibonacci levels pointing to $5,000 as a plausible target, Ethereum’s bullish case continues to strengthen.
Support levels and accumulation zones
Analysis of Ethereum’s price trajectory reveals a robust demand zone between $3,700 and $3,810. According to data from IntoTheBlock, approximately three million addresses accumulated 4.6 million ETH around this price range.
Analysis showed that this level emerges as a critical support area, providing a cushion against potential bearish pressures. The strong accumulation here reflects investor confidence and hints at the possibility of sustained bullish momentum.
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