Ether (Eth) Recent Rally has pushed a large majority of its directions to profits, a development that could delay its ascent.
According to the feeling analysis firm, 97% of Ether’s addresses are now “in money.” In other words, the average acquisition costs of these addresses are lower than the current Ether market rate of $ 4,225.
This high profitability figure suggests that the current price rally could become a significant increase in the pressure on the side of the sale, a dynamic that could stop pricing.
According to Glassnode data, the profits is already happening. ETH -profits, measured by a seven -day simple mobile average, is increasing again, with the account rising to $ 553 million per day. The profits reached a maximum of $ 771 million per day in July.
The subsequent analysis reveals a change in the source of this sale. While long -term holders, or those who have coins for more than 155 days, are obtaining profits at levels consistent with the peak in December 2024, now it is short -term investors who drive the current wave of obtaining profits.
Read: Ether at $ 4.4k? This hidden signal suggests a possible fast fire rally
