@BOMBERuss 28 September 2021 more from that month

The September drop in the value of the largest altcoin ether (ETH) led to a sharp and noticeable reduction in the share of profitable addresses. The day before, the ETH rate sank below $3000, now the cryptocurrency is trading at $2890 (-6%). The capitalization of ether decreased to $344.993 billion. According to the Glassnode platform, the share of profitable Ethereum addresses fell to the lowest level since the beginning of August (89.12%). Altcoin now faces the task of staying above $2,800. The coin can count on two strong support zones - $2688 and $2557, according to the IntoTheBlock report. According to the team, in this price range, investors purchased a total of 2.46 million ETH. If at least one of the above support zones works, the ether will be able to bounce to $3,000 or even approach $3,100, experts say. Another factor that should help altcoin is the reduction of the exchange balance of ETH. The Santiment review says that over the year, the volume of cryptocurrencies placed on exchanges decreased from 24.1% to 16.1%. The outflow of ether from trading platforms contributes to easing pressure on the market and creates conditions for a radical change in the trend, analysts predict. #CryptoTrading