Ethereum Holding Cost Hits $3,100 for 4.1 Million Addresses, Signaling Potential Massive Sell-Off

The holding cost for approximately 4.1 million Ethereum addresses currently stands near $3,100, indicating a significant threshold for market participants. This cost basis reflects the average price at which these holders acquired their assets, serving as a critical indicator for potential selling pressure. Should Ethereum’s market price approach or dip below this level, it may trigger increased liquidation as investors seek to mitigate losses or realize gains. Monitoring this metric provides valuable insight into the market sentiment and potential supply dynamics, which are essential for traders and institutional investors assessing Ethereum’s near-term price trajectory. Understanding the distribution of holding costs across addresses can help anticipate market behavior and inform strategic decision-making in the volatile crypto environment.