As of July 22, 2025, Ethereum has reached an impressive milestone, with over 90% of its addresses now in profit, according to on-chain analysis from Sentora (formerly IntoTheBlock). This marks the highest profitability level since December 2024, reflecting a significant surge in the cryptocurrency's value. The data suggests that relatively few addresses have purchased Ethereum above the current price, leading to reduced resistance on the chain. The first notable resistance level is identified near $4,000, where approximately 2.39 million addresses still hold Ethereum at a loss.

This profitability trend raises intriguing questions for investors: Should they continue to buy, liquidate their holdings, or brace for a potential collapse? The current market shows Ethereum ($ETH

) down 2.38% today, indicating some short-term volatility. However, the overall bullish sentiment driven by high profitability could signal a strong foundation for future growth.

For those considering buying, the low resistance on the chain might suggest room for upward movement, especially if Ethereum approaches the $4,000 mark. Conversely, holders at a loss near this level may face pressure to sell, potentially creating a pivotal moment for the market. Liquidating and exiting could be an option for risk-averse investors, while long-term believers might see this as an opportunity to hold or accumulate more.

The decision ultimately depends on individual risk tolerance and market analysis. With Ethereum's current trajectory, the coming weeks could determine whether this profitability wave sustains or leads to a correction. Keep a close eye on the $4,000 resistance level as a key indicator.