90.8% of ETH Holders in Profit: Insights into Current Market Trends

According to a recent report by IntoTheBlock released on November 28th, an impressive 90.8% of Ethereum (ETH) holders are currently experiencing profits, marking the highest figure observed since June. Meanwhile, only 9.2% of ETH holders find themselves in a loss position, representing a mere 2.8% of the total circulating supply. This dynamic suggests that while ETH’s price maintains its upward trajectory, the selling pressure from the smaller segment of losing holders is likely to remain muted. Hence, the sustained profitability among the majority of holders could reinforce the market’s stability, providing a bullish outlook for Ethereum in the near term. Investors are encouraged to closely monitor these trends as they reflect the overall sentiment within the crypto market, particularly regarding ETH’s performance and potential future movements.