CandleFocus

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

The profitability of Ethereum (ETH) has reached levels not seen since June, with 90.8% of ETH holders now in profit. Only 9.2% of holders are at a loss, but they control just 2.8% of the total supply, suggesting minimal impact on Ethereum's price trajectory. Unprofitable Ethereum tokens were bought in a certain price range, and for Ethereum to absorb this liquidity, it needs to make a 33% move upward. On the other hand, profitable Ethereum holders command a significant amount of ETH and may be deciding whether to take profits now or wait for a new price high. The recent price action suggests that any sales are being absorbed, showing a strong market appetite for Ethereum.

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