Ethereum Profit-Taking Evident as Market Awaits Further Price Increase

AI Summary

According to Foresight News, blockchain data analysis firm Glassnode has released a heatmap showing the cost basis distribution for Ethereum. Since July 1, 2025, there has been noticeable profit-taking by buyers around the $2,520 mark, with the red areas on the map gradually diminishing. Despite this, these buyers still hold nearly 2 million ETH.

Glassnode suggests that this trend indicates strategic profit-taking by investors, a general market expectation of further Ethereum price increases, and new buying demand absorbing the market supply.#TrumpBitcoinEmpire #BTCvsETH #ETHBreaks3700 #StablecoinLaw #NFTMarketWatch