🚀 66% of Ethereum addresses are in profit, are bulls ready for a leap?
📈 The daily chart shows that Ethereum is ready to go, having risen 25% since the August low. If buyers remain dominant today and maintain a break above the $2,600 mark, the next step may be to $3,300. $ETH
💰 ETH addresses in profit account for 66%
IntoTheBlock data shows that Ethereum has shaken off the weakness at the beginning of this week, with 66% of addresses in profit, which may prompt more holders to choose to hold rather than panic sell.
🔄 ETH holders increase holdings, bulls are ready to go
Historical data shows that ETH had a strong rebound after October 2023, reaching a high of $4,100 in March 2024. The recent recovery and market sentiment may support buyers.
📊 CryptoQuant data reveals accumulation behavior
Data shows that addresses holding a large amount of ETH are actively accumulating, which may indicate confidence in the future market and is a big positive for bulls.
🔑 Breakthrough of key resistance level
Ethereum currently faces a key resistance level of around $2,700 (the high on August 5). If it can break through with high trading volume, it may lay the foundation for further rise to the high of $3,500 in July 2024. $ETH
🤔 Investors need to pay close attention to market dynamics. Ethereum's next move will have an important impact on the entire cryptocurrency market. Whether the bulls are ready, we will wait and see.
