Ethereum Faces Setback as 53% of Addresses Fall into Losses
Currently, about 53% volatility Continue to cause losses to the price of ETH.
The second largest cryptocurrency under market capitalization is in trouble with increasingly stringent macroeconomic challenges.
Most Ethereum addresses suffer losses
In a recent article about X (formerly Twitter), Cryptorank shared that less than half of Ethereum addresses are profitable.
“47% of the addresses holding ETH are at the current market price of $1,900.” Post read.
By comparison, Bitcoin (BTC) Compared to Ethereum, 86% of holders have seen their relative stability gain. at the same time, BITGET Token (BGB) Currently there are 95% of holders who have 95% of the profits.
Nevertheless, Ethereum holders are already trapped Losses caused by price declines. ETH has fallen by 52.8% over the past year, and its value has steadily declined since December 2024.
Additionally, Altcoin has dropped to the point where fears of the recession escalated No lows have been seen since the end of 2023. decline Lead to a wave of sellingas traders scramble to reduce losses. As Beincrypto reported earlier, Ethereum Whale unloads a large number of ETH holdings Avoid liquidation.
The poor performance of ETH’s struggle over the past week has been further emphasized. Despite the wider cryptocurrency market falling 11.0%, Ethereum faces a bigger challenge, down 13.5%.
In addition to prices, Ethereum Exchange Trade Funds (ETFs) paints a similar picture. data From the SOSO value, it means that the ETF has seen it Continuously extracted over the past two weeks. In addition, on March 11, the total net outflow was US$21.5 million.
Despite this, Ethereum co-founder Joseph Lubin remains optimistic about the future of cryptocurrencies.
“Maybe I haven’t seen it again after the recent swing and need a much-needed reset.” Posted.
While acknowledging recent losses, Lubin believes that the U.S. government actions will help the country become more centralized and agile. He thinks it’s an opportunity Decentralized protocols such as Ethereum More free and prosperous. Lubin predicts that 2025 will be a critical year for the cryptocurrency space.
It is worth noting that today, Positive political development has contributed Recover moderately in the crypto market. ETH has grown by 0.12% in the past 24 hours, and ETH has also benefited Bring it to $1,899.
In addition to price changes, Ethereum’s supply on exchanges also indicates a reduction in sales pressure. Ethereum’s exchange reserves have fallen to their lowest levels in years, indicating holders are willing to sell their assets.
This could lead to price downward pressure and could potentially lay the foundation for future growth.
“This is usually the leading bullish indicator. A short squeeze is coming!” analysts Write On X.
Despite the significant challenges Ethereum faces, recent trends show the potential for recovery. Whether this will become a lasting trend or a short-term trend remains to be seen.
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