Ethereum

DeFi

when

Time

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 <li><strong>IntoTheBlock reports that only 66% of Ethereum addresses are currently profitable, a level not seen since October 2023.</strong></li> 
 <li><strong>Ethereum’s RSI stands at 41.04, placing it in neutral territory, which some traders may view as a potential buying opportunity.</strong></li> 
 <li><strong>Despite a decline in total DeFi losses, the share of economic exploits is increasing, highlighting new risks in the sector.</strong></li> 
</ul> 
<p>IntoTheBlock, a market intelligence platform, reports that just 66% of <a href="https://coinedition.com/eip-1559-ethereum-low-fees-less-eth-burn-price-impact/">Ethereum addresses</a> are currently profitable. This drop has pushed many holders into the red, with profitability levels not seen since October 2023, when Ethereum was trading around $1,800. The market’s recent turbulence has reignited concerns among investors, reflecting the volatile nature of the crypto landscape.</p> 
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   <p lang="en" dir="ltr">Just 66% of Ethereum addresses are currently in profit.<br><br>Last week's market downturn significantly impacted Ethereum, pushing many holders into the red. <br><br>The last time we saw a similar percentage of profitable holders was in October 2023, when Ethereum was trading around $1,800. <a href="https://t.co/XhMonaaSPA" target="_blank" rel="nofollow">pic.twitter.com/XhMonaaSPA</a></p>— IntoTheBlock (@intotheblock) <a href="https://twitter.com/intotheblock/status/1822960390344507515?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">August 12, 2024</a>
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<p>Ethereum’s price currently stands at <a href="https://coinmarketcap.com/currencies/ethereum/" target="_blank" rel="nofollow">$2,673.85</a>, with a 24…</p>
<p>The post <a href="https://coinedition.com/only-66-of-eth-addresses-in-profit-time-to-sell-or-hold/">Only 66% of ETH Addresses in Profit: Time to Sell or Hold?</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.</p>

Only 66% of ETH Addresses in Profit: Time to Sell or Hold?

Coin Edition

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