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

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. Ether's recent surge to $2,700 on May 14 pushed its value above its realized price, implying that the average holder of ETH is “now back in an unrealized profit,” according to Glassnode source: https://cointelegraph.com/news/ethereum-holders-back-in-profit-eth-price-enters-crucial-area?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound