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Ethereum Addresses In Profit Nearly Doubles Since April Lows – Volatility Returns

  • Ethereum has shown resilience above $2,500 amidst market volatility and a significant drop in value since December 2024.
  • The rebound in Ethereum addresses in profit from 32% in April to nearly 60% now indicates a potential recovery path for the altcoin.
  • Analysts are closely monitoring Ethereum's price action to confirm a breakout above key resistance levels for a potential altcoin rally.
  • Current price movement suggests that Ethereum may rally towards $3,000 if it maintains support above $2,600, with a potential shift in the market trend.

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