Ethereum (ETH) Price Reversal Unlikely Soon As Majority Holders Still In Profit

Despite the successful implementation of the Ethereum Dencun Upgrade last week, the $ETH price witnessed strong selling pressure correcting over 10% as it failed to hold the $4,000 resistance. As of press time, the Ethereum ($ETH) price trades at $3,574 with a market cap of $430 billion. While Bitcoin witnessed some bounceback during the last weekend, $ETH continued to remain in the grip of the bears.