Ethereum Eyes $4K Breakout as Holders Return to Profit

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Ethereum investors are back in profit, increasing the chance for a rally to $4,000, but resistance at $3,800 may delay recovery.

Ethereum holders are back in the black, increasing the chances of a rally to $4,000.

Ether sell pressure risk exists around $3,800, a resistance level that may delay the bulls.

Ether's rebound to $3,600 over the weekend pushed its value above its active realized price, implying that the average ETH holder is no longer in the red. Is this enough fuel for the bulls to push the ETH price above $4,000?

Ethereum trades above its active cost basis


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