The second-largest cryptocurrency by market capitalization is displaying strong technical and sentiment-driven momentum, suggesting that a major breakout could be imminent.

Ethereum Holders Stay Confident Despite Profit Saturation

On-chain data reveals that roughly 97% of Ethereum addresses are currently in profit. Historically, when this number exceeds 95%, markets often experience pullbacks as traders secure gains.

However, this time appears different. Despite entering the so-called “profit saturation zone”, Ethereum’s price has held firm above key supports, indicating that long-term holders are resisting the urge to sell.

Notably, Ethereum has room to climb higher, a sign of maturing market behavior. The broader bullish sentiment across the crypto market has provided additional su

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