Ethereum Long-Term Cost Basis Holds Firm: Structural Floor Forms Near $2.8K

Ethereum is struggling to reclaim the $3,100 level as price action tightens and the market braces for a decisive move. After weeks of choppy trading, ETH remains caught between fading bullish attempts and persistent overhead resistance, leaving analysts sharply divided on what comes next. A minority still expects Ethereum to regain strength and eventually challenge its all-time highs, while the dominant narrative points toward a bearish 2026 marked by weaker demand and tighter liquidity conditions. Related Reading: Bitcoin Remains In A High-Risk Zone As Short-Term Holders Stay Underwater Amid this uncertainty, a CryptoQuant report offers a longer-term perspective that cuts through short-term noise source: https://www.newsbtc.com/ethereum-news/ethereum-long-term-cost-basis-holds-firm-structural-floor-forms-near-2-8k/