Express

Ether May See A Spike In Price Thanks To High Percentage Of Supply In Profit

Emily Mason

Summary: The percentage of Ether supply in profit is holding steady at 80%, recent data from glassnode shows. Supply in profit is the percentage of Ether whose price when it last moved on chain is less than the current price. Meaning that owners could sell their Ether for profit. The last time Ethereum's supply in profit ...

The percentage of Ether supply in profit is holding steady at 80%, recent data from glassnode shows.

Supply in profit is the percentage of Ether whose price when it last moved on chain is less than the current price. Meaning that owners could sell their Ether for profit.

The last time Ethereum's supply in profit was above 80% Ether was priced near $700. This is the third time this year Ether has tested the 80% level. At the time of writing, Ether is trading at $241. 

By Emily Mason

Last Update:

Tags: ,
Link: Ether May See A Spike In Price Thanks To High Percentage Of Supply In Profit   [Copy]
Next:

Related Articles

  • Bitcoin Weekly Analysis: Is a Bear Market on the Horizon? 3 hours ago
  • AI Fraud Is Breaking the Internet’s Trust Economy. Can Compliance Tech Keep Up? 3 days ago
  • Can a $300M RWA Fund Save Avalanche's TVL? 4 days ago
  • Trump Adviser's "Whale Debut" with $680M Bitcoin Bet Faces Early Losses 5 days ago
  • S&P 500 Enters Key Turning Point Window; A Cautious "Wait-and-See" Approach is Adv... 7 days ago

    • You need to login to comment.