Ether’s (Eth) The latest rally has pushed the vast majority of its addresses for profits, a development that could slow down its ascent.
According to the analysis company Sentora, 97% of Etresses are now “in the money.” In other words, the average acquisition costs for these addresses are lower than Ether’s ongoing market rate of $ 4,225.
This high profitability number suggests that the current price rally could run into a significant increase in pressure pressure, a dynamic that could slow down the price.
According to data from Glassnode, there is already a profit. ETH profits recognition, measured by a seven-day simple moving average, is ramped up again, with the mood climbing to $ 553 million per year. Day. The profits took a $ 771 million per Day in July.
Further analysis reveals a shift in the source of this sale. While long -term owners, or those holding coins for over 155 days, realizes the profits on levels that are in line with the top in December 2024, it is now short -term investors who are driving the current wave of profit.
Read: Ether to $ 4.4,000? This hidden signal suggests a possible quick fiery
