Ethereum

<h2 id="key-points">Key Points</h2>
<ul>
 <li>Ethereum has seen a downward trend recently, but 61% of holders are still in profit.</li>
 <li>Increasing leverage and declining new addresses suggest potential market volatility.</li>
</ul>
<p>Despite the recent bearish trends in the market, 61% of <a href="https://coineagle.com/price/ethereum/" rel="noopener noreferrer nofollow">Ethereum</a> holders are still in profit.</p>
<p>This insight, provided by market analytics firm IntoTheBlock, paints a nuanced picture of Ethereum’s current market situation.</p>
<h2 id="ethereum-holders-resilience">Ethereum Holders’ Resilience</h2>
<p>IntoTheBlock’s analysis revealed that despite the ongoing market slump, the majority of Ethereum holders are still profitable.</p>
<p>This resilience, compared to previous market cycles, suggests a stronger belief in Ethereum’s long-term value.</p>
<p>For instance, in the 2017 market cycle, only 3% of addresses remained in profit.</p>
<p>This resilience among holders may suggest a strong foundation for Ethereum, even during market downturns.</p>
<h2 id="on-chain-data-insights">On-Chain Data Insights</h2>
<p>To better understand Ethereum’s current market position, it’s essential to look at key on-chain data.</p>
<p>One such data point is the estimated leverage ratio, which has seen a significant increase recently.</p>
<p>A rising leverage ratio can indicate increased speculative activity and potential risk, leading to higher price volatility.</p>
<p>The number of new Ethereum addresses is another important metric.</p>
<p>Data shows a decline in new addresses, which could be a bearish indicator, suggesting reduced interest in the network.</p>
<p>This decrease in network activity, coupled with the rising leverage ratio, can contribute to the ongoing downward pressure on Ethereum’s price.</p>

Understanding the Scenario: Ethereum Owners Remain Profitable Despite Market Shifts

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CoinEagle.com

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