66% of Ether (ETH) Holders Are Currently In Profit
CryptoNewsTerminal Staff12 Aug, 2024
66% of Ether (ETH) Holders Are Currently In Profit
66% of Ether (ETH) Holders Are Currently In Profit According to data from IntoTheBlock, 66% of Ether (ETH) holders are currently in the money. This means that they purchased their ETH at a lower price than its current market value. The only other time that the percentage of in-the-money addresses was similar was in October 2021, when ETH was trading around $1,800. This data suggests that the majority of ETH holders are confident in the long-term prospects of the cryptocurrency. Despite the recent market volatility, they believe that ETH will continue to increase in value over time. This is a positive sign for the future of ETH. It shows that there is a strong foundation of support for the cryptocurrency and that it is likely to continue to grow in popularity and value in the years to come.
