Will Investors Who Have Suffered Losses for 2 Years at the Ethereum Price of $3,000 Overcome the Barrier?

Will Investors Who Have Suffered Losses for 2 Years at the Ethereum Price of $3,000 Overcome the Barrier?

Will Investors Who Have Suffered Losses for 2 Years at the Ethereum Price of $3,000 Overcome the Barrier?

Despite a slight dip below $2,900 last night from its high point of $3,000, Ether rebounded this morning and is now hovering around the $3,000 mark. However, the question remains whether the $3,000 price range will be a difficult barrier for Ether to break through.

According to information shared by IntoTheBlock, there are currently over 16 million ETH addresses in a state of loss, accounting for approximately 14.7% of the total number of addresses. When Ether surpasses $3,000, around 879,000 addresses will turn profitable. These addresses have been in a state of loss for the past two years, and they may seek to sell at this psychological threshold in order to avoid further losses.

However, IntoTheBlock emphasizes that while some addresses may sell when Ether reaches $3,000, in the overall market perspective, the number of these addresses is still minority compared to the total number of profitable addresses (over 83% of addresses are already in a profitable state). This means that the majority of market participants are unlikely to sell simply because the price reaches $3,000. Therefore, these potential sell-offs may not be sufficient to have a long-term negative impact on the market price.