Crypto analysts are closely watching support and resistance levels in the market for Bitcoin ($BTC) and Ethereum ($ETH). Glassnode, a platform for on-chain analytics, has revealed key levels that are crucial in understanding price performance. In the case of Bitcoin, $79,000 serves as a strong support zone. This level holds approximately 40,000 BTC – showcasing significant investor confidence in this price point. The resistance level sits at $82,080, a significant area with activity from 51,000 BTC changing hands. If Bitcoin sustains above this threshold, the next resistance target is $83,500, where around 48,500 BTC are positioned. Meanwhile, Ethereum ($ETH) appears to be trading within a relatively narrow range of $1,548-$1,599, with substantial holdings at both ends: 793,000 and 732,400 $ETH coins respectively. This signifies a steady accumulation, as reflected by recent transfers, especially around the support level at $1,461 – a notable area that may offer a buffer against further bearish pressure. Glassnode is expanding its Cost Basis Distribution analytics beyond Bitcoin to give a broader perspective on market behavior for Ethereum ($ETH), ERC-20, and SPL tokens, offering insights into how price movements are shaped by last-traded prices and supply concentration. This data could help better understand the complex dynamics of digital asset behavior.