Ethereum Addresses in Profit: Analysts Suggest Caution Amid Bullish Signals and Historical Sell-Off Patterns
Main Idea
97% of Ethereum addresses are currently in profit, signaling a bullish trend, but analysts caution that historical patterns suggest potential sell-offs when profitability exceeds 90%.
Key Points
1. 97% of Ethereum addresses are in profit, indicating a bullish market trend.
2. Historically, sell-offs occur when over 90% of holders are in profit, as seen during the 2021 bull run.
3. Analysts remain optimistic about Ethereum's future, both short and long term.
4. Crypto blogger Lark Davis suggests $3,800-$4,000 as a bullish buying zone for Ethereum.
5. Samson Mow discusses the ETH/BTC relationship, noting that investors may rotate funds between the two assets to maximize gains.
Description
Currently, 97% of Ethereum addresses are in profit, indicating a bullish trend in the market. Historically, sell-offs occur when over 90% of holders are in profit. Mass sell-offs often follow
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