ETH giant whale cost line 1900-$2,400: support level revealed

According to WooFunai, analyst Murphy pointed out that the average entry price of giant whales holding more than 100 ETH is concentrated between 1,900 US dollars and 2,400 US dollars. This data anchors the core support logic of the current market.

The cost structure for different volume holders showed significant step differences. According to WooFunai's on-chain data, the average purchase price for holding 100 to 1,000 addresses is 1,900 US dollars; when positions increase to 1,000 to 10,000 addresses, the average cost rises to 2,000 US dollars; while holding 10,000 to 100,000 addresses, the average purchase price is fixed at 2,100 US dollars. For top holders with more than 100,000 copies, the average cost is as high as $2,400. When market prices fall below these averages, unrealized losses will directly reshape the trading behavior of giant whales.

Murphy proposed defining $1,900 to $2,400 as a strategic buying area, intervening when it falls below $1,900, and suspending purchases above the upper limit. Historical experience shows that when the market is extremely fearful and long-term holders do not achieve profit and loss below zero, the success rate of this strategy is extremely high, in line with the principles of buying when pessimistic and being cautious when fanatical. Note, however, that past performance does not guarantee future results, and market conditions may change rapidly.

The cryptocurrency market has declined markedly recently, and it may be difficult for Ethereum to rise back to $2,700, but Murphy warned against being overly pessimistic. The price of 1,900 US dollars to 2,400 US dollars had a strong supporting effect and limited further decline. Retail investors can judge the pressure by referring to giant whale buying points. Giant whales try to maintain or close positions to reduce average costs. Investors should do their own research and consider their own risk tolerance.