Ethereum Average Holding Cost at $2,200: Key Whale Support Level at $1,290

According to a recent analysis by CryptoQuant, the average acquisition cost for Ethereum holders currently stands at approximately $2,200. This figure is particularly significant as it reflects the market’s overall health and investor sentiment towards ETH. Furthermore, analysts have identified a crucial support level at roughly $1,290, which corresponds with the average price at which large-scale investors, referred to as whales, have accumulated over 100,000 ETH. Understanding these price dynamics is essential for stakeholders to navigate potential market fluctuations effectively. As Ethereum continues to evolve, tracking these key metrics will be vital for both traders and long-term investors who seek to capitalize on market movements.