#ETH🔥🔥🔥🔥 ON chain analysis

The share of profitable addresses on Ethereum reaches 61%

In 2018, this figure fell to 3%, then in 2022-2023 it was at 46%.

Currently, the share of profitable ether holders is 61%.

Analyst noted that Ethereum is currently in a key support zone formed in the range from $2,290 to $2,360, where 1.90 million addresses bought 52.30 million ETH.

In case of continuation of the bearish trend, if this area is not held by ether, then the drawdown could be as low as $1,800.

QCP Capital believes that hedge funds are skeptical about the possibility of an aggressive rally in Ethereum. They are buying call options with strike prices of $3,000 for the end of December, believing that this mark is currently out of reach for Ethereum.

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