Ether (Eth) The recent rally has pushed a large majority of its addresses to profit, a development that could slow down its ascent.
According to the Sentora analysis company, 97% of Ether addresses are now “in money”. In other words, the average acquisition costs of these addresses are lower than the $ 4,225 market rate.
This high profitability figure suggests that the current price rally could undergo a significant increase in the sale on the sale, a dynamic that could slow down prices.
According to Glassnode data, profits are already occurring. The achievement of the ETH profit, measured by a simple seven -day mobile average, increases again, climbing it to $ 553 million per day. The profit reached a summit of $ 771 million a day in July.
A more in -depth analysis reveals a change in the source of this sale. While long -term holders, or those who have parts for more than 155 days, carry out profits at levels consistent with the peak in December 2024, it is now short -term investors who lead the current profit wave.
Read: Ether at $ 4.4K? This hidden signal suggests a possible rapid fire rally
