According to @glassnode, Ethereum (ETH) cost basis bands above spot are distributed evenly between $2,760 and $3,420, with each $50 increment containing 200,000 to 400,000 ETH. The analysis shows no dominant resistance until the $3,417 level, where 607,950 ETH are concentrated, suggesting that traders may encounter significant sell pressure at this price point. This structure signals a relatively clear path for ETH/USD up to this resistance, which could influence short-term price action and trading strategies. Source: @glassnode.

According to @AltcoinGordon, Ethereum (ETH) is projected to reach the $10,000 price level, reflecting significant bullish momentum in the crypto market (source: Twitter, May 11, 2025). This price target aligns with recent on-chain data showing increased institutional accumulation and rising network activity, both of which are critical trading signals for upward price movement. Traders should monitor liquidity inflows and ETH’s correlation with Bitcoin, as these factors have historically driven major rally phases. The $10,000 psychological resistance is likely to attract both breakout traders and profit-takers, increasing volatility near this level (source: Glassnode, IntoTheBlock).