$ETH

Ethereum (ETH) profitability has risen to levels not seen since June, with 90.8% of ETH holders now in the black, according to IntoTheBlock data. This milestone highlights the favorable position for the majority of investors, leaving only 9.2% of holders in the red. Crucially, this group controls just 2.8% of the total supply, suggesting that any pressure from them is likely to have minimal impact on Ethereum’s price trajectory.

As the platform’s on-chain charts show, all unprofitable Ethereum tokens were purchased in the range of $3,624 to $4,169, with 3.95 million ETH, equivalent to about $14.33 billion, being accumulated by 11.42 million wallets. To absorb this liquidity in this price range, Ethereum would need to make a 33% move higher from its current level.