Glassnode: The supply gap of ETH in the range of $1900-2200 is relatively small, and it is reasonable for short-term rebound to the $2200 resistance level.

BlockBeats news, on March 12th, Glassnode released data on social media indicating that the cost basis distribution of ETH shows a potential short-term support level. Although the price of ETH briefly fell below the major accumulation area of $1880, the Addresses at this level did not respond to the recent decline, and a new accumulation range appeared at $1900 (600,000 to 700,000 ETH). This indicates that if ETH consolidates at the current level, $1900 may become a support level. The next potential resistance level is $2200 (accumulating 465,000 ETH). The supply gap between $1900 and $2200 remains relatively small, making it reasonable for the ETH price to rise to the resistance level in the short term.