key demand area
An analyst has indicated that $3120 represents a crucial demand zone for $ETH, noting that 2.62 million $ETH have been accumulated at this level. The significance of the $3120 price point lies in its potential to act as a support area for traders and investors in the cryptocurrency market. Accumulation of $ETH at this demand level suggests a strong interest from market participants, which could influence future price movements. Observers are closely monitoring this demand area, as it may play a pivotal role in determining the short-term and long-term trends for $ETH.
