Glassnode analysis: ETH price hits resistance after breaking through $2500

According to a report by Golden Finance, Glassnode data shows that ETH prices have broken through from $1800 to $2500 due to low supply concentration in this range. The upward trend is blocked around $2580, at which level approximately 1.3 million ETH are held; As the price approaches, the supply drops to 1 million pieces, indicating that the holder is withdrawing near the cost price.