Ethereum Profitability Drops To 66% As Market Downturn Hits Holders

Ethereum Profitability Drops To 66% As Market Downturn Hits Holders

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Source: TheMerkle.com

The recent market downturn has taken a toll on Ethereum, leaving only 66% of addresses in profit, a significant drop reminiscent of October 2023, when Ethereum was trading around $1,800.

This decline has pushed a substantial portion of Ethereum holders into the red, marking one of the lowest profitability levels seen in nearly a year.

Just 66% of Ethereum addresses are currently in profit.

Last week's market downturn significantly impacted Ethereum,

Read More https://themerkle.com/ethereum-profitability-drops-to-66-as-market-downturn-hits-holders/

The post "Ethereum Profitability Drops To 66% As Market Downturn Hits Holders" appeared first here TheMerkle.com.

Source: TheMerkle.com

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