Ethereum Faces Rising Accumulation Cost Around $2.7K–$2.8K: Will Long-Term Buyers Push ETH Price?

9 hours ago

Ethereum’s accumulation cost has increased and LT

Ethereum’s accumulation cost has increased and LTHs are concentrated around $2.7K–$2.8K price range. This is where long-term buyers keep adding to their holdings instead of selling. This level shows where LTHs believe Ethereum offers good return, even when the market is bearish. While many other altcoins have struggled to attract the same steady support, Ethereum has held up better over time. The main question now is whether these long-term holders will continue supporting ETH if prices move lower.

Source: CryptoQuant

ETH/USDT Chart: TradingView

If Ether bounces above the EMA20 trend line, it could regain momentum and push higher toward the edge of the channel at $3,300. A break above this level might push the ETH price toward $4,000.

However, if ETH faces resistance at $3,300 and continues to fall below EMA trend lines, it would suggest profit-taking sentiment. In that case, Ether could slide toward $2,900 and retest the ascending support line.

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