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Data: Nearly 80% of Ethereum addresses are in profit, holding a total of 59.08 million ETH

2024-11-04 17:49:12

ChainCatcher news, according to data from IntoTheBlock, at the current price level of ETH at $2458.51, approximately 79.92% of addresses are in profit, holding a total of 59.08 million ETH. The specific data shows:

  1. Profitable addresses (In the Money): holding 59.08 million ETH, accounting for 79.92%;
  2. Losing addresses (Out of the Money): holding 14.62 million ETH, accounting for 19.77%;
  3. Break-even addresses (At the Money): holding 225.65 thousand ETH, accounting for 0.31%;

Based on this data, analysts have pointed out several key price ranges:

  • Support range: $2087-2311, this range has the highest density of profitable addresses and may provide strong support during a pullback.
  • Resistance range: $2459-2531, the first resistance area above the current price, where a large number of investors are close to breakeven.
  • Strong resistance range: $2531-2827, in this range, the number of losing addresses increases, which may face significant selling pressure.

In terms of investment strategy, analysts suggest that short-term investors consider buying in the support range of $2087-2311 and consider taking profits when the price breaks above $2459 and approaches $2531. Medium to long-term investors can view $2087 as a solid support level for positioning, and if the price breaks above $2531, they can continue to monitor up to $2827.

Analysts emphasize that although most investors are in profit, this also means the market may face profit-taking pressure. Investors should closely monitor the above key price ranges and adjust their strategies in a timely manner according to market changes.

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