Critical Levels in Bitcoin and Ethereum: These Data Show Support Areas! - Coin Bulletin

According to Glassnode data, Bitcoin finds strong support at 79,000 dollars while Ethereum finds strong support at 1,461 dollars, with both assets facing short-term resistances as they see significant buying in certain price ranges.

According to data from Glassnode, on-chain cost base analyses for both Bitcoin (BTC)** and Ethereum (ETH)** reveal key support and resistance levels that traders are focusing on.

Strong support at 79 thousand dollars for Bitcoin

It appears that approximately 40,000 BTC have accumulated at this level. On top of that, at the 82,080 dollar level, an accumulation of 51,000 BTC is noteworthy. If this level is maintained, the next resistance is highlighted at 83,500 dollars; here, around 48,500 BTC is positioned.

These consolidations indicate that investors are accumulating BTC within certain price ranges and that these areas may function as both support and resistance in the short term.

Ethereum is stuck in the 1,548 – 1,599 dollar range.

On the Ethereum side, the price is moving sideways between 1,548 dollars and 1,599 dollars. In this range, 793,900 ETH and 732,400 ETH are held respectively. In the event of a possible decline, a accumulation of 380,000 ETH at the 1,461 dollars level could protect the price against downward movements.

Cost Basis Distribution (CBD), that is, cost base distribution, allows you to see the support and resistance zones of the market more clearly by showing at which price levels investors are buying. This data also helps determine investor behavior, panic selling, or rallying around a new story.