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Business & Economics

Ethereum Price Struggles at Two-Year Low As Whale Average Cost Basis Hints at Drop to $1,290

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Summary
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62% Informative

Analysts have shared a bullish Ethereum price prediction and forecast that the altcoin might rebound.

ETH price recently fell below $ 1,500 for the first time since March 2023 .

A key whale metric now hints that ETH may drop to the next support level of $ 1.290 before making a rebound.

The average cost basis of whales holding more than 100,000 ETH lies much lower at $ 1,290 .

VR Score

39

Informative language

24

Neutral language

52

Article tone

formal

Language

English

Language complexity

35

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not offensive

Hate speech

not hateful

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not detected

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not detected

Time-value

short-lived

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