According to the latest report from the blockchain data analysis platform Sentora, the profitability of Ether holders for Ethereum (ETH) has reached its best level in nearly three years. The data shows that currently, over 90% of Ethereum wallet addresses are in a profitable state, marking a new high since December 2021.

The main reason for this phenomenon is that the number of addresses buying above the current Ethereum price is relatively small, leading to a relatively light selling pressure on the blockchain. This situation reflects the stability of the Ethereum market and the long-term holding confidence of investors.

However, market analysts point out that Ethereum may face significant resistance near the $4000 price level. At this price point, approximately 2.39 million Addresses holding Ethereum are still in a state of loss. This data suggests that when the price approaches this level, there may be a certain degree of selling pressure.

These on-chain data provide valuable insights for investors and market analysts. It not only reflects the overall profitability of current Ethereum holders but also reveals potential market trends and key price points.

As the cryptocurrency market continues to evolve, this in-depth on-chain analysis will increasingly become an important tool for investment decision-making and market forecasting. Investors should closely monitor this data while also considering broader market factors and the macroeconomic environment.