Over 10 Million Wallets Hold the Line

As Ethereum (ETH) continues to navigate a volatile market environment, one crucial support zone has emerged as the bedrock of investor confidence: the range between $2,060 and $2,420. According to data shared by Ali Martinez from Sentora (formerly IntoTheBlock), this range is where over 10 million unique addresses collectively hold more than 69 million ETH—making it the most significant demand zone on the Ethereum network. Why This Range Matters The highlighted support zone is backed not only by volume but also by market psychology. When such a high concentration of ETH is held at a specific price range, it acts as a major “in the money” zone, where most holders are still in profit. This gives them little incentive to sell and increases the likelihood that they’ll defend their positions during price pullbacks. In this case, the green bubbles on the chart—sized by the volume of ETH held—indicate that these holders bought ETH between $2,060 and $2,420. This cluster of ownership provides strong price support. As long as ETH remains above this level, any downward moves are likely to be met with buying pressure from holders looking to accumulate more or protect their entries. A Look at the Numbers Addresses: 10.04 million ETH Held: 69.03 million ETH Percentage In the Money: 80.6% of all tracked wallets ETH Supply Represented: $302.9 billion worth of ETH currently “in the money” This kind of ownership distribution also enhances Ethereum’s on-chain stability. With such a wide base of profitable holders, sudden sell-offs are less likely, reducing downside volatility. Implications for Traders and Investors For short-term traders, this support floor offers a clear reference point for stop-loss or re-entry strategies. For long-term investors, it reinforces the idea that Ethereum’s price structure is maturing—with large-scale, decentralized ownership anchoring its value. If ETH stays above this critical range, it may soon regain upward momentum. On the flip side, a breakdown below $2,060 could trigger a wave of selling from previously profitable holders, leading to a steeper correction. Reporter at Coindoo Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets. Related stories Next article !function(f,b,e,v,n,t,s){if(f.fbq)return;n=f.fbq=function(){n.callMethod?n.callMethod.apply(n,arguments):n.queue.push(arguments)};if(!f._fbq)f._fbq=n;n.push=n;n.loaded=!0;n.version='2.0';n.queue=[];t=b.createElement(e);t.async=!0;t.src=v;s=b.getElementsByTagName(e)[0];s.parentNode.insertBefore(t,s)}(window,document,'script','https://connect.facebook.net/en_US/fbevents.js');fbq('init','1188189499475368');fbq('track','PageView'); Source: https://coindoo.com/ethereums-strongest-support-zone-over-10-million-wallets-hold-the-line/