According to Milk Road, Ethereum (ETH) holders remain resilient despite recent market fluctuations, reflecting a trend of steady accumulation and holding behavior. This sentiment indicates a long-term investment strategy, often correlating with market stability, which could influence trading patterns and decision-making.

According to @glassnode, the Ethereum cost basis distribution highlights a significant supply overhead near the current price of $1,895.50, where approximately 1.64M ETH is concentrated. This level is crucial for traders as many holders last active in November 2024 bought into the rally, raising their cost basis. Monitoring these levels is essential for predicting potential resistance areas.