Ethereum

Foundation

Notable

Gains

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/ethereums-price-soars-rewarding-investors-with-notable-gains" rel="noopener noreferrer nofollow">Ethereum’s Price Soars, Rewarding Investors with Notable Gains</a><br></p>
<p style="text-align: justify"><a href="https://en.bitcoinhaber.net/ethereum-poised-for-substantial-surge-predicts-crypto-expert-michael-van-de-poppe" rel="noopener noreferrer nofollow">Ethereum</a> has experienced a notable surge in value, surpassing the $3,300 mark, buoyed by <a href="https://en.bitcoinhaber.net/bitcoin-analysts-predict-price-increase-based-on-key-indicators" rel="noopener noreferrer nofollow">Bitcoin</a>‘s positive momentum. Current data reveals that Ethereum’s value has escalated by more than 1.33% in the past day and upwards of 12% over the week, signaling a robust performance that has delighted investors.</p>
<h2 id="ethereum-s-on-chain-data-reflects-profitability">Ethereum’s On-Chain Data Reflects Profitability</h2>
<p style="text-align: justify">The recent appreciation in Ethereum’s price has resulted in profitable outcomes for a majority of traders. <a href="https://en.bitcoinhaber.net/pyth-network-introduces-real-time-analysis-for-bitcoin-etfs" rel="noopener noreferrer nofollow">Blockchain</a> analytics firm Santiment reports that the on-chain profit-to-loss transaction ratio for Ethereum is at a three-month peak, with profits outnumbering losses by a ratio of 2.3 to 1.</p>
<p style="text-align: justify">As of the latest figures, over 93% of Ethereum’s total supply is in profit, a statistic comparable to the period before Ethereum reached its all-time high back in August 2021. Additionally, the 30-day Mean Value to Realized Value (MVRV) ratio suggests that Ethereum holders have, on average, gained over 20% on their investments.</p>
<p style="text-align: justify">Analyses also reveal that long-term holders, often referred to as ‘diamond hands,’ are enjoying higher returns than short-term investors, hinting at their expectation for the value to climb past previous peaks.</p>
<p style="text-align: justify">However, despite the uptrend, investors are cautioned to remain vigilant for a possible price correction. With the circulating supply of Ethereum on exchanges dwindling since the start of the year and the off-exchange supply risig, there could be an impression of mounting short-term selling pressure.</p>
<h2 id="ethereum-community-awaits-dencun-upgrade">Ethereum Community Awaits Dencun Upgrade</h2>
<p style="text-align: justify">The Ethereum community remains optimistic about a sustained bull market, further fueled by upcoming developments. The Dencun upgrade is one such development, designed to lower transaction fees on Layer-2 (L2) chains. The Ethereum Foundation has announced the successful activation of this upgrade on test networks, with the mainnet launch expected on March 13th, amplifying the anticipation among supporters.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/ethereums-price-soars-rewarding-investors-with-notable-gains" rel="noopener noreferrer nofollow">Ethereum’s Price Soars, Rewarding Investors with Notable Gains</a></h5>

Ethereum’s Price Soars, Rewarding Investors with Notable Gains

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