The price of Ethereum (ETH) has experienced significant fluctuations recently, dropping to $2,000 before rising to $2,300 ahead of the White House Crypto Summit. On-chain analytics firm Glassnode has revealed that ETH investors have been actively managing their positions by buying the dip and lowering their cost basis by 10% to $3,200. Glassnode also highlighted a major resistance level at $2,800, where investors have accumulated around 800,000 ETH. Moreover, Santiment noted that Ethereum sentiment has reached yearly lows, indicating a potential bullish trend for the cryptocurrency once the market stabilizes.



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