Ethereum's recent price drop raises concerns about the sustainability of its uptrend, even as over 90% of addresses remain profitable.
Ethereum has dropped approximately 2.6% in the last 24 hours, trading near $3,692 after hitting a high of $3,845. Despite this pullback, ETH is still up 24% over the past week. Over 90% of Ethereum addresses are in profit, suggesting potential profit-taking as prices consolidate. Institutional interest remains strong, with significant inflows into ETH funds and ETFs, totaling $6.2 billion in 2025. Maintaining support above $3,500 is crucial for ETH's uptrend.