Ethereum Faces Pressure as Profitable Addresses Hit New Peak

Ethereum (ETH) is showing increasing signs of selling pressure as a record number of wallet addresses move into profit.   The asset has already dipped below $4,500, with some analysts expecting further correction, while others maintain an optimistic long-term outlook for ETH. Ethereum Whales Begin Profit-Taking Amid Historic Profitability Levels  According to Glassnode data, the number of ETH addresses in profit reached an all-time high of over 155 million in September. “ETH addresses in profit hit highest in history! Over 155 million ETH wallets are now in profit, marking the fastest rate ever,” Coin Bureau noted source: https://beincrypto.com/ethereum-eth-selling-pressure-profit-taking/