ETH IN DANGER ZONE: 2 MILLION INVESTORS READY TO DUMP!
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Ethereum has reached a crucial point, trading at $3,100.56 after briefly hitting $3,200. On-chain data suggests that around 2 million addresses are holding ETH at a loss, indicating potential selling pressure. However, the upcoming launch of an Ether ETF could counteract this pressure and boost the price. The market is volatile, with uncertain investor sentiment, but broader expectations remain optimistic about Ethereum's future.