Bitget App
Trade smarter
Open
HomepageSign up
Bitget>
News>
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
ETH+0.27%

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.

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.
PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

Trending news

More
1
DefiLlama founder: Figure TVL data authenticity is questionable, not excluded from the ranking due to X platform follower count
2
Next Week's Macro Outlook: "Super Central Bank Week" Arrives, Fed Rate-Cut Cycle Set to Restart

Crypto prices

More
Bitcoin
Bitcoin
BTC
$115,959.86
+0.86%
Ethereum
Ethereum
ETH
$4,722.69
+4.39%
XRP
XRP
XRP
$3.16
+4.08%
Tether USDt
Tether USDt
USDT
$1
+0.03%
Solana
Solana
SOL
$242.51
+1.05%
BNB
BNB
BNB
$938.97
+3.37%
USDC
USDC
USDC
$0.9998
+0.00%
Dogecoin
Dogecoin
DOGE
$0.2980
+13.85%
Cardano
Cardano
ADA
$0.9471
+6.54%
TRON
TRON
TRX
$0.3530
+1.25%
How to sell PI
Bitget lists PI – Buy or sell PI quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new users!
Sign up now
Trade smarter