Ethereum holders back in profit as ETH price enters ‘crucial area’ for $3K breakout

Ethereum’s rally toward $2,700 put multiple investor cohorts back in profit, but there is still a substantial sell-side risk near Ether’s range high.

Key points:

Ethereum holders are back in profit, increasing chances for a rally to $3,000 and beyond.

Ether sell pressure risk exists at $2,800, where 2.27 million ETH could be sold.

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