5.58M ETH Held by 4.54M Wallets

By: bitcoin ethereum news|2025/05/08 19:00:05
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Ethereum is approaching a significant resistance level at $1,860, where a dense cluster of investor activity could pose a barrier to upward momentum, according to analyst Ali Martinez. Data reveals that 4.54 million wallet addresses are currently holding a combined 5.58 million ETH bought between $1,805 and $1,857 — a zone now identified as a key sell-pressure region. At the time of writing the post, Ethereum was trading at $1,803, just below the resistance zone. The on-chain chart visually maps wallet profitability, with red bubbles representing addresses “out of the money” — or holding ETH above the current price. The largest red cluster highlights the $1,860 region, indicating a potential area where holders may be eager to break even and sell. Meanwhile, only 44.23% of ETH holders are currently in profit, with 54.90% still in the red, creating a cautious trading environment. Roughly 15.08% of the total volume is concentrated in this resistance band alone, making it a key level to watch. Reporter at Coindoo Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets. Related stories Next article !function(f,b,e,v,n,t,s){if(f.fbq)return;n=f.fbq=function(){n.callMethod?n.callMethod.apply(n,arguments):n.queue.push(arguments)};if(!f._fbq)f._fbq=n;n.push=n;n.loaded=!0;n.version='2.0';n.queue=[];t=b.createElement(e);t.async=!0;t.src=v;s=b.getElementsByTagName(e)[0];s.parentNode.insertBefore(t,s)}(window,document,'script','https://connect.facebook.net/en_US/fbevents.js');fbq('init','1188189499475368');fbq('track','PageView'); Source: https://coindoo.com/ethereum-faces-major-resistance-5-58m-eth-held-by-4-54m-wallets/

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