🔷After an impressive 42% weekly surge, Ethereum has approached the $3,000 mark, but long-term holders are now posing a challenge. A sharp rise in the Liveliness metric indicates active profit-taking by investors, creating selling pressure. This behavior signals doubts about the sustainability of further growth and could limit the rally’s continuation.
🔷However, over 64 million ETH are concentrated in the $2,345–$2,421 range, forming a strong support zone. If the price can turn $2,814 into a new support level and reduce selling pressure, Ethereum may have a chance to resume its upward momentum. Otherwise, a drop below $2,344 could shift overall market sentiment.