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After surpassing $3,000, over 83% of Ethereum addresses are in a profitable state

After surpassing $3,000, over 83% of Ethereum addresses are in a profitable state

2024/02/20 21:08

According to analysis data from IntoTheBlock, as Ethereum (ETH) approached the $3,000 mark, over 16 million ETH addresses were in a state of loss (approximately 14.7%). When Ethereum surpasses $3,000, approximately 879,000 addresses will transition into a profitable state. These addresses have been unprofitable for two consecutive years and may sell their holdings to achieve a balanced financial position at this psychological threshold. However, from a broader perspective, this number represents a relatively small obstacle for ETH, as over 83% of addresses are already in a profitable state. The most likely scenario is that this level will be cleared without significant selling pressure.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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