## Ethereum holders are making money again? Key moment before the $4K threshold

Good news has arrived - ETH holders have finally emerged from the losses.

Last weekend, ETH rebounded from a four-month low of $3050 to $3650, a 20% increase. Two drivers are behind this rebound: Trump's promised $2000 tariff bonus policy + easing risks of a U.S. government shutdown.

**The most important thing is**: ETH is now above the active cost price of $3545. What does this mean? It means that most holders are in a profitable state. Historical data shows that every time it breaks through this psychological barrier, market sentiment shifts from "fear" to "greed", and selling pressure significantly decreases.

Taking January 2024 as a reference, at that time ETH rebounded from $2165 back to the cost price, ultimately soaring 89% straight to $4100.

**But the bears are not to be underestimated**: On-chain data shows that 4.2 million ETH are concentrated in the $3600-$3815 range, which is a huge "selling pressure zone". Many investors may choose to take profits in this range, hindering upward momentum.

**What is the next stop?** Analysts generally believe that:
- Must hold the $3500 support
- To break through the double resistance of $3700-$3900
- Only then is it possible to surge towards the historical high range of $4000-$4100.

Key support levels are at $2870, $2530, and $1800. If there is a downturn, these are the lifelines.

By the way, Tom Lee's BitMine has been crazily accumulating ETH this week, adding 110,000 coins in a week, with the goal of holding 5% of the total circulation. The actions of large holders can sometimes be more valuable for reference than candlestick charts.