According to @santimentfeed, Ethereum (ETH) is actively trading around the crucial $3,000 psychological level, with the potential to secure its first daily close above this mark since January 31st. On-chain analysis reveals a significant data point for traders: of the total 155.04 million ETH in circulation, 124.13 million were first acquired at prices lower than the current levels. This indicates that a vast majority of ETH holders are currently in profit, which could potentially reduce selling pressure and provide strong support for the price.