According to Foresight News, glassnode monitoring shows that among Ethereum holders based on profit and loss status, those whose cost price is 0 to 20% higher than the original price account for the majority. The cost price of these holders is between 2300 and 2500 USD, corresponding to a market value of approximately 123 billion USD. This means that even a moderate price decline could lead a large number of holders to enter a loss position. Despite a recent increase, Ethereum remains in a fragile position.