A new report from Sentora (formerly IntoTheBlock) reveals that 97% of Ethereum addresses are currently in profit, setting a record high rarely seen in recent years. This unexpected surge has sparked debate among analysts regarding the future trajectory of the cryptocurrency market. While some believe this indicates sustained bullish momentum, others warn of a potential reversal. This high rate of profitability closely resembles the 2021 bull run, but with starkly different outcomes at both ends. Lark Davis, a prominent crypto trader and analyst, highlights the $3,800 to $4,000 price range as crucial support, potentially presenting an opportunity for investors looking to enter the market. However, Samson Mow, CEO of JAN3, warns against the possibility of coordinated market manipulation. He suggests that high ETH prices could trigger a mass influx of Bitcoin back into Ethereum, effectively boosting ETH value before a potential market correction.