Ethereum Hits Price Floor After Crash

Ethereum Likely at Price Floor After Capitulation, Says Analytics Firm

• Ethereum’s Cost Basis Distribution (CBD) indicates strong support at the $1,886 level.
• The CBD heatmap shows ETH supply rising from 1.6 million to 1.9 million at this price point.
• The $1,886 level aligns with the Capitulation Metric, which often precedes ETH rallies.
• Stablecoin supply has increased by $20.17 billion since January, reaching over $205 billion.

Crypto analytics firm suggests Ethereum has likely hit a price floor around $1,886, supported by increased supply and stablecoin liquidity growth.