ETH Analysis: 79.92% of Addresses in Profit as Support Range Holds Strong

According to data from IntoTheBlock, as of November 4th, Ethereum (ETH) is trading at approximately $2458.51, with an impressive 79.92% of addresses currently yielding profits. This translates to a cumulative holding of around 59.08 million ETH among profitable holders. Analysts have pinpointed significant price levels for ETH, notably a support range between $2087 and $2311. This range showcases the highest concentration of profitable addresses, suggesting it could act as a crucial defense line during potential market corrections. Investors and traders should monitor these thresholds closely, as they may prove pivotal in determining the asset’s short-term trajectory.