🚀 ETH Still Has Room to Run – Here’s Why 📊
Ethereum ($ETH ) is back near its March 2024 highs — but unlike last time, the market’s unrealized profits are much lower. 👀
🔎 At the $3.98K peak earlier this year, Relative Unrealized Profit hit the +2σ (standard deviation) zone — a level where many holders were sitting on big gains, leading to sell pressure.
📉 Today, $ETH is climbing but the metric is only nearing +1σ.
What does this mean?
✅ Less unrealized profit = lower risk of mass profit-taking.
That’s a healthy signal for continued upside potential.
💥 If ETH were to hit the +2σ level again under current conditions, we could be looking at a move toward $4,900.
📈 Are we gearing up for a new $ETH breakout?
Drop your price prediction below 👇