Glassnode: This crypto has seen the bottom of the money! What will happen now?

The crypto currency market generally lost the acceleration of the rise. Leading crypto Bitcoin failed at 84,000 dollars and began to lose altitude. However, the leader Altcoin continues to show strength compared to Bitcoin. According to Glassnode, the crypto analysis company, Ethereum, on-Chain probably reached a bottom based on various measurements.

” Ethereum has strong support at these levels! ”

Kriptokoin.comAs you have followed, the crypto currency market continues to follow a wavy course. Leader Altcoin Ethereum gives signs of recovery after falling under the $ 2,000 psychological threshold. Glassnode, an analytical company, looks at the heat map of a cost base distribution (CBD), which shows how many ETH positions are equalized at every price level and can usually be used to determine support and resistance zones. The company says the metropolitan has a strong support of ETH at the level of $ 1,886. Analyst in this direction,

Ethereum’s cost base distribution (CBD) shows that the supply has increased at $ 1.886 and rose from 1.6 million ETH to 1.9 million ETH. This point to a potential short -term price base due to investors accumulate at these levels and strengthen support.

Source: Glassnode

Is there a rally next to crypto money?

Glassnode says that the price level of 1,886 corresponds to the “capitulation metric için for the CBD and ETH, which integrates CBD and ETH. According to the company’s graph, the sudden rise in the capitulation metropy usually takes place before ETH rally.

Source: Glassnode

Glassnode also reports that there is also a significant increase in the stablecoin supply, which is generally seen as an increase for crypto due to the new potential liquidity they bring to the markets. In this context, the analytical company makes the following statement:

Since January 1, the total stablecoin supply increased by 20.17 billion dollars (+10.9%) to over 205 billion dollars. To compare, the December summit was $ 187 billion, but the supply contracted in the last two weeks of 2024 and fell to $ 185 billion in January 2025.

Source: Glassnode

Meanwhile, during the article, Ethereum was traded for $ 1,904 with an increase of 0.9 %on a daily basis. However, the leader Altcoin suffered over 10 %in the weekly graph.