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Analysis: Holding cost of around 4.1 million Ethereum addresses near $3100, may lead to significant sell-off

Summary: According to Sentora's analysis on X platform, there is relatively minor resistance for Ethereum between $3000 and $3100, but a significant sell-off may occur if it breaks $3100. This is because approximately 4.1 million addresses holding ETH have been in a loss position for the past six months, and will break even at $3100.

According to Sentora's analysis on X platform, there is relatively minor resistance for Ethereum between $3000 and $3100, but a significant sell-off may occur if it breaks $3100. This is because approximately 4.1 million addresses holding ETH have been in a loss position for the past six months, and will break even at $3100.

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Link: Analysis: Holding cost of around 4.1 million Ethereum addresses near $3100, may lead to significant sell-off [Copy]

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