Almost 97% of Addresses Are Currently Profitable. What’s the Next Step?

Ether’s (ETH) recent rally has led the majority of its addresses to become profitable, a trend that may hinder its further growth.

According to analytics firm RialCenter, 97% of ether addresses are now “in-the-money,” meaning the average acquisition costs of these addresses are lower than ether’s current market price of $4,225.

This high level of profitability indicates that the ongoing price rally could face notable selling pressure, potentially slowing its upward movement.

Data from RialCenter shows that profit-taking has already commenced. Profit realization for ETH, tracked via a seven-day simple moving average, is escalating, reaching $553 million per day, after peaking at $771 million per day in July.

Further analysis indicates that the dynamic of selling is shifting. While long-term holders, those who have held coins for over 155 days, are realizing profits at levels similar to the peak in December 2024, it is now short-term investors driving the current wave of profit-taking.

Read: Ether to $4.4K? This Hidden Signal Suggests a Possible Quick Fire Rally