CandleFocus 61% Ethereum (ETH) Holders in Profit Amid Strong Bearish Pressure
2024-09-16
Author: Content Editor
According to market intelligence platform IntoTheBlock, around 61% of Ethereum (ETH) holders are currently in profit despite the bearish market conditions. This high profitability during a bear market is unusual for Ethereum, with previous figures dropping as low as 3%. The data suggests a growing resilience for Ethereum and may increase investor confidence in the altcoin. While there may be a potential downturn, it is unlikely to be too severe based on the current market scenario. As of now, ETH is trading at $2,299, and it is crucial for it to reclaim the $2,500 level for a rebound towards the $3,000 range.
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