Date: 2025-05-21
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.Ethereum trades above its cost basisData from Cointelegraph Markets Pro and TradingView shows that Ether’s (ETH) price has risen by more than 52% to a three-month high of $2,700 on May 14 from $1,800 on May 7, fueled by excitement around the Pectra upgrade.This rally has seen ETH rise above its realized price or cost basis, currently at $1,900, paving the way for a potential rally ...
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