Ethereum Whales' Average Entry Price Revealed: A Potential Support Level

An analysis by analyst Murphy has revealed that Ethereum whales holding more than 100 ETH have an average entry price clustered between $1,900 and $2,400. This range is viewed as a strong support level in the current market.

The cost structures of holders across different size brackets exhibit pronounced tiered differences, with addresses holding between 100 and 1,000 WOOF tokens averaging a purchase price of $1,900, while those with holdings ranging from 1,000 to 10,000 tokens average a higher cost.

Murphy recommends defining the $1,900, $2,400 range as a strategic buying zone: enter when prices fall below $1,900, and pause buying if prices rise above the upper bound. He cautions that past performance is no guarantee of future results, and market conditions can change rapidly.