Only 66% Of Ethereum Holders In Profit Despite 21% Price Jump

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Related Reading: Bitcoin Open Interest Plunges As BTC Crosses $60,000 In some other news, as analyst Ali Martinez has explained in an X post, Ethereum has just seen a Tom Demark (TD) Sequential sell signal on its hourly chart.

Ethereum Holders In Profit Still At Relatively Low Level According to data from the market intelligence platform IntoTheBlock, the recent downturn in Ethereum has significantly affected the profitability ratio of holders on the network.

Related Reading: Bitcoin Investors Again Show Extreme Fear As BTC Slips To $59,000 In the drawdown, the ETH price had slipped from the $3,400 high near the end of July to the $2,100 level about a week ago.

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Author / Journalist: Keshav Verma

Category: Crypto

Markets: United KingdomIndiaJapan

Topics: ETH Ethereum Ethereum price Ethusd Ethereum Price Jump Ethereum Holders In Profit Ethereum Ethereum Profit

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-13 @ 06:30:04 (14 hours ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 436 words

Reading Time: 3 minutes read

Sentences: 61 lines

Sentence Length: 8 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © NewsBTC

News ID: 22061638

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About NewsBTC

Main Topics: Crypto

Official Website: newsbtc.com

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Year Established: 2013

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