<ul><li>A significant portion of Ethereum's supply was acquired between $2,300 and $2,500, putting many holders at risk of incurring losses if prices drop.</li><li>Glassnode warns that a slight pullback could convert a substantial amount of ETH holdings into a net loss, potentially leading to panic selling and a broader market correction.</li><li>The market cap breakdown chart by Glassnode indicates a concentration of capital in positions with minimal profits, highlighting the delicate balance in Ethereum's valuation structure.</li><li>Despite recent gains, Ethereum faces vulnerability due to its limited profit cushion, which could cause amplified reactions to minor price fluctuations until it establishes more stability through sustained price appreciation or increased capital inflows.</li></ul>

Glassnode: Majority of ETH Supply at Risk of Flipping to Loss

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