Ethereum’s Resistance Zone: 5.58M ETH at Risk—Who’s About to Panic Sell?

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Well, well, well… look at what we have here. A staggering 4.54 million wallet addresses are holding onto a combined 5.58 million ETH, all purchased between $1,805 and $1,857. And guess what? That’s officially the “please-sell-your-ETH-here” zone. 😬

As of right now, Ethereum is hanging out at $1,803, which just so happens to be right below the magic “resistance” price. Isn’t that just *perfect* timing? 🙄

Check out the on-chain chart — it’s a beautiful masterpiece of wallet profitability. The red bubbles? Oh, they’re the addresses that are *very* much “out of the money.” Translation: They bought high, and now they’re like, “Ugh, why did I do this?” 😭

The largest red cluster sits at $1,860, a region that screams “I’m about to break even or panic sell.” How charming. 😏

Here’s the kicker: Only 44.23% of ETH holders are in the green, while 54.90% are still stuck in the red. It’s like watching a bad movie where you know how it’s going to end, but you keep watching anyway. 📉

Also, a cheeky 15.08% of the total volume is chilling in this resistance band, making it THE place to keep your eyes glued to. Grab your popcorn. 🍿

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2025-05-08 14:11