Analysis: ETH is trading in the range of $2,920 to $3,020, with over 13.41 million chips accumulated in the support zone

Odaily News On-chain analyst @DL_W59 posted on platform X, stating that the ETH URPD data for the nearly 24 hours from January 1st to January 2nd shows that liquidity remained low during the holiday period, with prices continuing to fluctuate between $2,900 and $3,010. Currently, a massive concentration of chips at a single price point remains at $2,772.

The total on-chain turnover in the last 24 hours was approximately 180,000 coins, a decrease from the previous day's 330,000 coins. Chip turnover was primarily concentrated in the $2,920 to $3,020 range, with over 10,000 coins turned over at the $3,500 level, while turnover in other ranges mostly amounted to several hundred coins. The support zone between $2,772 and $3,050 has now accumulated close to 13.41 million chips.