Ethereum

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The profitability of<a href="https://u.today/ethereum-eth-reclaims-five-month-high-but-theres-a-catch">Ethereum (ETH)</a> has surged to levels not seen since June, with 90.8% of ETH holders now in profit, according to data from<a href="https://x.com/intotheblock/status/1862085630760747179">IntoTheBlock</a>. This milestone highlights a favorable position for the majority of investors, leaving only 9.2% of holders at a loss. Importantly, this group controls just 2.8% of the total supply, suggesting that any sell pressure from them is likely to have minimal impact on Ethereum’s price trajectory.
As can be seen on the on-chain platform's charts, all of the unprofitable Ethereum tokens were bought in the range between $3,624 and $4,169 with 3.95 million ETH, equivalent to about $14.33 billion, accumulated by 11.42 million wallets. To absorb this liquidity in this price range, Ethereum needs to make a 33% move upward from the current level.
<img src="https://u.today/sites/default/files/inline-images/itbeth.png" data-entity-uuid="2598f59a-bf84-488b-a494-61f48c45f964" data-entity-type="file" alt="&quot;&quot;" data-caption="Source: <a href=&quot;https://x.com/intotheblock/status/1862085630760747179&quot;>IntoTheBlock</a>">
On the other side, right now, all of the profitable Ethereum holders command 134.69 million ETH, which is equivalent to around $488.21 billion and is held by 115.22 million addresses.
<h2 dir="ltr" id="dilemma">Dilemma</h2>
From the on-chain perspective,<a href="https://u.today/bitcoin-btc-bounce-to-start-here-ethereum-eth-to-skyrocket-toncoin-ton-dominates-top-15">Ethereum</a> is just about 10% of addresses and volume beyond new all-time highs. If we cut into the price chart realm, though, it is still a surge from $3,622 to $4,868 per ETH, according to<a href="https://u.today/xrp-stunned-by-mysterious-25-million-whale-activity-on-binance">Binance</a>.
<img src="https://u.today/sites/default/files/inline-images/ethusd_22.png" data-entity-uuid="d70d3cba-f6d3-42c6-aa69-166337f1cabb" data-entity-type="file" alt="&quot;&quot;" data-caption="ETH to USD by <a href=&quot;https://coinmarketcap.com/currencies/ethereum/&quot;>CoinMarketCap</a>">
What is more lucrative for Ethereum holders who enjoy profits right now — to take it right now or ride all the way up to a new price high? It is unlikely that there is a consensus.
However, based on the recent Ethereum price action, one may say that all the sales — if there are any — get absorbed, which means the market has an appetite for the biggest alternative cryptocurrency right now. <a href="https://u.today/ethereum-eth-holders-have-rarely-been-this-profitable-all-time-high-next">Read original article on U.Today</a>

Ethereum (ETH) Holders Have Rarely Been This Profitable: All-Time High Next?

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