Nearly 74% of holders are currently at a loss, with only 24.07% of ETH held profitably. This indicates a predominantly bearish market sentiment, highlighting investor reluctance.

Approximately 45% of the ETH supply was acquired between 2,194 USD and 2,571 USD, forming a significant resistance area. Currently, only 1.96% of the supply breaks even, showing fragile market support.

Substantial outflows of ETH from exchanges suggest limited immediate selling interest. There were withdrawals exceeding 300,000 ETH, emphasizing a preference for long-term holding amid market weakness.