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

목차

BH NEWS

2024년 2월 29일에 게재된 다른 기사

Polygon (MATIC) Shocks Traders With Price Pump as Presale Frenzy Grows for Last Minute Purchase o...

Bitcoin Crash: Key Reasons Behind BTC Retreat After Rallying To $64K

Next Cryptocurrency To Explode Wednesday, February 29 – Bitcoin, Arbitrum, Litecoin

AI Revolution UTSW Leads with Breakthrough Discovery

Will Whale Accumulations Prompt a Cardano (ADA) Price Recovery? Eyes Set on $1

Top AI-Altcoins Poised For Massive Surge in March 1st Week

무료 뉴스레터에 가입하여 매일 최신 암호화폐 소식을 받아보세요!