Over 90% of ETH holders are in profit, but doubts linger over $4K breakout
More than 90% of Ether holders are currently in profit, with a 5.7% price increase over the past week. Traders express uncertainty about Ether's ability to surpass the $4,000 mark, leading to an accumulation of short positions. Approximately $1.43 billion in short positions could be liquidated if Ether reaches $4,000. Data indicates that 90.8% of ETH holders are profitable, the highest since June, while the 9.2% at a loss hold only 2.8% of the total supply, suggesting limited sell pressure. Ether has traded between $2,223 and $4,066 since March 12. Funding rates have increased but remain below levels seen during Ether's all-time high of $4,900, indicating potential for further upside. Traders express optimism about reaching $4,000, with some speculating on much higher targets.
