$ETH

Based on current on-chain data analysis, Ethereum's in-the-money/out-of-the-money situation and demand/resistance areas indicate possible future price trends:

High percentage of in-the-money holders: Approximately 89% of ETH holders are 'in-the-money' at a price of about $3,990, indicating that most holders are currently in a profitable position. This reflects a relatively healthy market foundation and strong holding confidence.

Strong demand area: In the demand zone of $3,535.55 to $3,588.88, 1.3 million addresses have purchased over 11.6 million ETH. This support area indicates strong buying demand below, which could become an important foundation for further increases in Ethereum's price.

Limited resistance space for upward movement: In the resistance area of $4,540 to $4,579, there are fewer than 61,000 addresses holding about 600,936 ETH. This is significantly smaller compared to the demand area, indicating limited selling pressure near this price.

Ethereum's current trading price is above the 50-day ($3,029) and 200-day ($2,927) simple moving averages (SMA), indicating a bullish long-term trend. However, short-term attention should be paid to the signals from market momentum indicators.