Ethereum Addresses in Profit Surge as Market Volatility Sparks New Optimism!

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<a href="https://usdaed.com/eth-usd/">Ethereum</a> Addresses In Profit Nearly Doubles Since April Lows – Volatility Returns

Ethereum currently stands steadfast above the $2,500 mark following several weeks of robust buying activity and positive momentum, even though it has experienced a significant drop – over 60% – in value since late 2024. The asset’s tenacity is crucial at this juncture: Bitcoin has surpassed its previous record high, fostering hopes that a fresh stage in the market cycle is emerging – one potentially brimming with extraordinary returns for altcoins.

To maintain its traditional dominance during an altcoin surge, Ethereum needs to push past its current resistance levels and solidify a recovery pattern. As the market dynamics unfold, experts are on high alert for indications suggesting Ethereum is poised to lead the pack again.

To clearly show how significant the correction was, Sentora (previously known as IntoTheBlock) highlighted an important statistic: following Ethereum’s dramatic sell-off which started in December, the percentage of profitable addresses dropped drastically from more than 90% to only 32% by April 2025. Since then, there has been a remarkable recovery, but the path towards complete restoration is still evolving. If Ethereum manages to hold its ground and regain higher levels, it could potentially set the stage for a broader altseason that might change the overall attitude within the crypto market.

Volatility Grows: Ethereum Eyes A Breakout

After some challenging months, the supporters of Ethereum have taken charge, shaping a positive price pattern as the asset aims to recover the $2,700 mark. This upward trend started with a clear breakthrough above $2,200, and even amid recent market turbulence, Ethereum is demonstrating resilience. On Sunday, ETH shot past $2,550 only to retreat swiftly to $2,400. Since then, the price trend has become more stable, and with Bitcoin reaching new record highs, Ethereum seems ready to follow suit.

As a researcher, I’m observing a significant development in the Ethereum market. The collective anticipation is high that ETH might experience a breakout if it manages to establish $2,700 as a strong support level. The momentum seems to be shifting, with selling pressure diminishing and confidence among buyers growing. This point could be a pivotal moment: if the bullish sentiment continues, Ethereum might regain its dominance in a cryptocurrency market that’s leaning more towards altcoins.

The optimistic viewpoint is reinforced by recent findings from Sentora. After a severe price drop that started in December 2024, more than 90% of Ethereum (ETH) wallets were profitable, but this dropped to only 32% by April 2025. However, the rebound has been significant since then – approximately 60% of these wallets are now back in profit. As Sentora indicates, such volatility hasn’t been observed since the intense bull market in 2017.

Should Ethereum persist in its current trajectory and surpass its existing price range, it could not only underscore a robust resurgence but potentially ignite the next significant phase of an altcoin boom.

ETH Tests Critical Resistance

Currently, Ethereum is trading near a crucial point after experiencing a 5.3% increase to reach $2,687. Graphically, Ethereum is testing its 200-day simple moving average (SMA) at approximately $2,702, which has served as a significant technical hurdle in the past due to its historical resistance. After several unsuccessful attempts to surpass this level over the past few weeks, today’s strong bullish movement could potentially lead to Ethereum breaking through this barrier.


 

As a researcher examining the Ethereum market trends, I’ve noticed a bullish structure that appears robust due to significant increases in buying volume, indicating renewed interest from investors. Notably, the 200-day exponential moving average (EMA), currently at approximately $2,444, has served as a reliable support throughout May, forming a foundation for this upward momentum. If Ethereum manages to convincingly surpass the $2,700 region in its closing price, it might pave the way for an uptrend reaching $3,000 and potentially beyond, suggesting a reversal of the long-term bearish trend that has been prevalent over the past few months.

Yet, the cost remains within a holding pattern, and bulls need to keep prices above $2,600 to preserve this upward trend opportunity. If they don’t, there might be a temporary dip towards the $2,400-$2,450 price level where significant demand is expected.

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2025-05-22 20:30