TechFlow news, November 4 — According to IntoTheBlock data, at the current ETH price level of $2,458.51, approximately 79.92% of addresses are in a profitable position, holding a total of 59.08 million ETH. Specific data shows:
-
Profitable addresses (In the Money): Holding 59.08 million ETH, accounting for 79.92%;
-
Loss-making addresses (Out of the Money): Holding 14.62 million ETH, accounting for 19.77%;
-
Breakeven addresses (At the Money): Holding 225,650 ETH, accounting for 0.31%;
Based on this data, analysts have identified several key price zones:
-
Support zone: $2,087–$2,311 — This range has the highest density of profitable addresses and may provide strong support during market pullbacks.
-
Resistance zone: $2,459–$2,531 — The first resistance area above the current price, where many investors are near breakeven levels.
-
Strong resistance zone: $2,531–$2,827 — This range sees an increasing number of loss-making addresses, potentially facing significant selling pressure.
Regarding investment strategy, analysts suggest that short-term investors could consider buying within the $2,087–$2,311 support range, and take profits as prices approach $2,531 upon breaking above $2,459. Medium- to long-term investors may view $2,087 as a solid support level for positioning, and if the price breaks above $2,531, continue monitoring up to $2,827.
Analysts emphasize that although most investors are currently in profit, this also implies potential profit-taking pressure in the market. Investors should closely monitor the aforementioned key price levels and adjust their strategies promptly according to market developments.
