COINOTAG News, December 4, notes from analyst @ali_charts in this Ethereum price analysis using the Cost Basis Heatmap show a defining range: resistance at $3,180 and support at $2,800. The chart identifies roughly 2.6 million ETH accumulated near each boundary, signaling persistent holder concentration around these levels over recent months. This on-chain footprint underscores a balanced positioning amid mixed momentum in the broader crypto market.
From a technical standpoint, the converged liquidity near the key levels could cap near-term moves, or precede a volatility spike if price moves beyond these anchors. Traders should weigh ETH resistance at 3,180 and ETH support at 2,800 with risk controls.
Investors should rely on disciplined risk mgmt and monitor on-chain shifts in holder concentration and cost basis heatmap signals to refine entries. This analysis remains grounded in observed data and avoids speculative targets.
Source: https://en.coinotag.com/breakingnews/ethereum-2-6-million-eth-accumulates-around-key-3180-resistance-and-2800-support-cost-basis-heatmap-highlights-holder-density
