Ethereum Nears $3,100 as Profitability Hits Highs, Suggesting Potential Momentum Amid Cautious Market Sentiment
The post Ethereum Nears $3,100 as Profitability Hits Highs, Suggesting Potential Momentum Amid Cautious Market Sentiment appeared on BitcoinEthereumNews.com.
Ethereum has surged past the $3,000 threshold, marking a significant recovery and boosting investor confidence as nearly 80% of its circulating supply is now profitable. With over 124 million ETH tokens trading above their acquisition cost, the network approaches its highest profitability levels recorded in 2024, signaling renewed market optimism. COINOTAG highlights that while this rally reflects strong bullish momentum, traders should remain cautious of potential short-term sell-offs as profit-taking intensifies. Ethereum breaks $3,000, with nearly 80% of ETH supply in profit, signaling renewed investor confidence and potential volatility ahead in the crypto market. ‘, ‘ 🚀 Advanced Trading Tools Await You!Maximize your potential. Join now and start trading! ‘, ‘ 📈 Professional Trading PlatformLeverage advanced tools and a wide range of coins to boost your investments. Sign up now! ‘ ]; var adplace = document.getElementById(“ads-bitget”); if (adplace) { var sessperindex = parseInt(sessionStorage.getItem(“adsindexBitget”)); var adsindex = isNaN(sessperindex) ? Math.floor(Math.random() * adscodesBitget.length) : sessperindex; adplace.innerHTML = adscodesBitget[adsindex]; sessperindex = adsindex === adscodesBitget.length – 1 ? 0 : adsindex + 1; sessionStorage.setItem(“adsindexBitget”, sessperindex); } })(); Ethereum Profitability Surges to Near-Record Levels Amid Price Recovery Ethereum’s recent price action has demonstrated a robust recovery, reclaiming the $3,000 level for the first time since early 2025. This milestone is more than a simple price point; it reflects a broader shift in market dynamics as 79.96% of ETH holders now hold their tokens above their cost basis. According to Santiment data, this translates to over 124 million ETH tokens in profit, just shy of the all-time high profitability seen in late 2024. Such a high percentage of profitable holders often correlates with increased market confidence and can act as a catalyst for further price appreciation. The $3,000 mark has evolved into a critical psychological and technical level, serving as both a support and a barometer…
Filed under: News - @ July 12, 2025 4:29 pm