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BTC $62,682.27 -0.59%
ETH $1,663.97 -0.80%
BNB $597.90 -0.74%
XRP $1.13 +0.14%
SOL $65.70 -0.91%
TRX $0.3250 -0.52%
DOGE $0.0849 -0.79%
ADA $0.1660 +1.75%
BCH $206.26 -6.59%
LINK $7.85 -0.05%
HYPE $61.96 +1.53%
AAVE $61.76 -1.80%
SUI $0.7432 -0.93%
XLM $0.1970 -1.76%
ZEC $442.28 +3.74%
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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
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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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