A historic milestone has been reached in the Ethereum market, with data from <a href="https://app.intotheblock.com/coin/ETH/deep-dive?group=financials&amp;subgroup=inAndOut" target="_blank" rel="nofollow noopener">IntoTheBlock</a> revealing that virtually all ETH holders are currently "In the Money." This means that every single holder acquired their Ethereum at a price lower than the current market value. The data shows that 98.81% of holders, representing a massive <b>$704.29 billion</b> worth of <a href="https://www.cryptoknowmics.com/news/ether-etfs-record-first-ever-1-billion-daily-inflows/" target="_blank" rel="noopener">ETH</a>, are sitting on gains, with the remaining 1.19% "At the Money," having bought their assets at the current price. This unprecedented situation suggests minimal sell pressure from existing holders, as they are likely anticipating a new all-time high (ATH) for the asset.
<h2>Navigating Towards a New All-Time High</h2>
Despite this overwhelmingly positive metric, <a href="https://www.cryptoknowmics.com/news/ethereum-etfs-suffer-major-outflows-amid-market-volatility/" target="_blank" rel="noopener">Ethereum</a> is yet to set a new ATH. The cryptocurrency remains approximately 3% below its previous peak of $4,891.70. While the bullish sentiment is strong, a recent dip in trading volume by <b>8.47%</b> has caused some concern among traders. The market is now closely watching the psychological <b>$5,000 price level</b>, as a breach of this mark could trigger a short squeeze and lead to a new ATH. If bulls can increase trading volume and push the price past this critical resistance, Ethereum could finally establish a new record and solidify its position in the market.

100% of Ethereum Holders Are Now in Profit: A Deeper Look

Data reveals 100% of Ethereum holders are in profit as ETH rallies, though it still needs to break a new all-time high.

100% of Ethereum Holders Are Now in Profit: A Deeper Look

Top Picks