Ethereum is fluctuating as bulls try to push the price above resistance levels at $2,400 and $2,800. Despite recent struggles, 61% of ETH holders are profitable, indicating resilience.
Data from IntoTheBlock shows a wave of optimism among ETH holders, who are confident in the market's future. This is a stark contrast to previous bear market cycles when profitability dropped significantly.
Key support levels for ETH are identified between $2,290 and $2,360, where millions of ETH were purchased. Breaking below this range could lead to sharp losses, dropping the price to $1,800.
