Ethereum's unrealized profits have dropped to bear market levels, increasing market volatility and investor uncertainty.
Mid-tier Ethereum holders face losses, weakening investor confidence as the ETH/BTC ratio remains low and pressure builds.
Ethereum is testing $2,210 resistance; a breakout could push prices to $2,325, but failure may trigger another decline.
Ethereum's major holders have seen their unrealized gains return to bear market levels, contributing to higher volatility and increased risk. The ETH/BTC ratio is also low, adding pressure to ETH price. Mid-tier investors are facing losses, resulting in lower investor confidence. Ethereum is currently testing the $2,210 resistance level, and a breakout could lead to a bullish run, while failure may result in further decline.