$ETH Ethereum has remained under pressure for most of December, and the recent drop below the $3,000 level has clearly impacted investor confidence.
📊 On-chain data reveals a growing problem:
Less than 60% of Ethereum’s total supply is now in profit
A large portion of holders are sitting at a loss
Both retail and institutional investors are pulling back at the same time
🔍 According to Glassnode data:
Institutional participation has weakened
Retail profitability has declined sharply
This simultaneous drop is a strong short-term bearish signal
This is one of the clearest signs of stress in Ethereum’s market structure in recent months.
🤔 What Happens Next?
If ETH continues to hold below $3,000, volatility may increase
Long-term investors may see this as a potential accumulation zone
Panic selling could push prices even lower
💡 Smart money follows data, not emotions.
👇 What’s your move?
Buying the dip?
Or waiting for further downside?
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