According to glassnode, Ethereum (ETH) has broken out of a month-long trading range, with cost basis distribution data showing 1.3 million ETH accumulated between $2,700 and $2,740, and another 800,000 ETH at $2,760. These accumulation levels, established during the recent consolidation, are likely to serve as strong support zones for traders. This breakout and the defined support could signal increased bullish momentum and offer strategic entry points for crypto traders seeking to capitalize on ETH’s price movement (source: glassnode, June 11, 2025).

According to Crypto Rover, the most important trading levels for ETH are highlighted as crucial support and resistance zones that traders should monitor closely. The analysis points to $3,500 as a key support level, with $3,900 and $4,100 identified as significant resistance levels for Ethereum. These price points are expected to act as decision zones for bullish or bearish momentum, directly impacting short-term trading strategies and portfolio risk management. Crypto Rover’s chart-based insights provide actionable entry and exit points for ETH traders, emphasizing the importance of these levels for potential breakout or breakdown scenarios in the crypto market (Source: Crypto Rover, Twitter, May 28, 2025).