Ethereum Profitability Analysis: Current Address Performance at $2,458

With Ethereum (ETH) hovering around $2,458.51, an analysis of address profitability reveals that the majority of holders are in a profitable state.

Currently, approximately 59.08 million ETH, or 79.92% of all addresses, are in profit. In contrast, around 14.62 million ETH addresses, making up 19.77% of the total, are at a loss. Additionally, there are 225,650 ETH addresses at breakeven, representing only 0.31% of all addresses.

These figures indicate that most Ethereum investors are enjoying profits at the current price levels.

However, caution is advised as these profit zones could lead to short-term selling pressure, particularly around the current price levels.

Resistance is expected between $2,459 and $2,531, while strong support is anticipated between $2,087 and $2,311.

Despite the high percentage of profitable addresses indicating overall positive sentiment, market participants should remain vigilant regarding profit-taking at these key resistance levels.

Sentiment: Positive