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Currently priced at $3,980, Ethereum's ascent is in line with a broader uptrend in the cryptocurrency market, mirroring the movements of Bitcoin to some extent. The crypto market is also being propped up by an ongoing stock market rally. The benchmark S&P 500 rally recently hit a new all-time high. , 94% of Ethereum holders are making money at the current price, with only 6% at breakeven and none in the loss zone.
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