PANews reported on April 11 that Glassnode analyzed on X platform, stating that by looking at the cost basis distribution, Bitcoin has gained strong support at $79,000, with approximately 40,000 BTC accumulated at this price level. Meanwhile, Bitcoin has also broken through the resistance zone of $82,080 (around 51,000 BTC). If this price level can be maintained, the next level to be tested will be $83,500, where 48,500 BTC are positioned. Ethereum seems to be in the range of $1,548 to $1,599, with 793,900 and 732,400 ETH positioned at these price levels, respectively. Support may be forming at $1,461, where 380,000 ETH have accumulated - which could buffer further decline in the short term.
