Ethereum Profit Streak Signals ATH Breakout For Over 90% Of Investors

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Ethereum Profit Streak Signals ATH Breakout For Over 90% Of Investors - NewsBTC

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This suggests that potential sell pressure from this group may have a limited impact as $ETH continues to trend upward.pic.twitter.com/qG4Xgi0Cq3 — IntoTheBlock (@intotheblock) November 28, 2024 Whale Confidence And Long-Term Holding More positive news comes from closer examination of the investment patterns of Ethereum.Only 9.2% of ETH holders are currently losing money, and they hold only 2.8% of the entire token count.

Though trading 25% below its all-time high (ATH) of $4,890, Ethereum’s fundamentals and market vibe point to a bright future ahead.90.8% of $ETH holders are now in profit, the highest since June.Interestingly, the 9.2% of holders still at a loss hold just 2.8% of the total supply.

Analysts feel that if Ethereum can retest and surpass the $4,000 resistance, the path to its all-time high would become more convincing.With 5.92% increased values over the previous day, its price has decreased slightly to $3,610, as of writing.