Permanent Holders Defend the Line: Ethereum's Cost Basis Holds Firm

Permanent-Holders-Defend-the-Line-Ethereums-Cost-Basis-Holds-Firm

Ethereum's price action suggests a strong defensive move, as the market attempts a rally immediately after touching the average cost basis of its dedicated Accumulation Addresses (often referred to as Permanent Holders).

Critically, this fundamental support level defined by permanent holders has historically proven unbreakable. This time is unlikely to be different. These committed holders are expected to generate significant additional buying pressure at this pivot point, effectively helping the market to carve out a sustainable cycle bottom.