According to TechFlame, according to on-chain analysis platform Sentora (formerly IntoTheBlock), over 90% of Ethereum addresses are currently profitable, reaching the highest level since December 2024. The data shows that since relatively few addresses are buying Ethereum above the current price, there is less resistance on the chain. The first significant level of resistance was seen near the $4,000 level, with around 2.39 million addresses still holding Ethereum in the red.