According to a report by Sentora, 97% of Ethereum addresses are currently in profit, a rare and significant figure that raises debate among analysts about the future of the market.
Historic Threshold Reached
The Sentora report indicates that 97% of Ethereum addresses are in profit, significantly surpassing the historical 90% threshold. This event recalls the 2021 bull run when this level of profitability was accompanied by massive sell-offs. The high percentage of profitable addresses indicates market strength but also potential risks of sudden sell-offs.
Diverse Analyst Opinions
Analysts are divided in their forecasts. Trader and blogger Lark Davis believes it's important to hold the technical zone between $3,800 and $4,000, which he sees as a buying opportunity. Conversely, Samson Mow, CEO of JAN3, advises caution, suggesting that many ETH holders might manipulate the market by rotating capital from Bitcoin to Ethereum, creating temporary increases before selling off.
Conclusion and Market Outlook
Observations of current market movements show that traders are at a crossroads: they can either capitalize on the current momentum or protect themselves against a potential correction. The future of Ethereum hinges on maintaining technical levels and the dynamics between BTC and ETH, creating uncertainty for investors.
The situation in the Ethereum market emphasizes the importance of analyzing current conditions and cautions against over-optimism, which may lead to significant losses.
