Will Ethereum Hold $3K? Profitability Metrics Say Otherwise

Ethereum (ETH) is trading at around $3,119, currently in a critical consolidation phase. Strong resistance is at $3,500, while key support stands at $3,000. A drop below this level could push the price toward $2,927, while a breakout above $3,500 could revitalize the market. 87.02% of holders are "at a loss," with only 9.89% "in profit." The decline in large transactions (-48.57% for those over $10 million) suggests a withdrawal of institutional players, impacting short-term market prospects.