ETH is trading at 1,922 USD, facing resistance at 2,000 USD. If the price falls below 1,900 USD, long-term accumulation efforts could be compromised, potentially leading to a panic sell-off.
Investors have accumulated 3.56 million ETH between 1,900 and 1,843 USD, establishing a support base. The percentage of profitable Ethereum addresses has dropped to below 46%, indicating a potential market bottom.
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