Majority Of Ethereum Investors Maintain Profitability Despite Decline Below $1,700

Profitability in digital assets such as Ethereum is important to investors in the space. With the decline following the bull market, a good number of ETH investors have seen the profitability of their holdings decline significantly. It had fallen below 50% when the price of ETH had broken below $1,000 last month. However, with the recovery at the beginning of August, Ethereum had rallied as high as $2,000, and now the majority are back in profit. 56% Of Investors In Profit The price of ETH had been rejected at the $2,000 level, which had seen the price decline once more to the $1,500 territory. However, the digital asset would not last long at this point as it would reclaim $1,700 for a brief period before falling back down below $1,700. But even with the decline, the majority of ETH investors are still seeing green in their portfolios. Related Reading: Crypto Market Returns Plunges Into The Negative, Here’s Why IntoTheBlock shows that there are currently, 56% of all Ethereum investors in profit. This is a stark difference from the numbers that were recorded back in June. At the current price, only 44% of investors are recording a loss, while 4% are in the neutral territory, meaning they had purchased their tokens around the current price. ETH price falls below $1,600 | Source: ETHUSD on TradingView.com As always, the long-term holders are being rewarded in this regard. The data also shows that 62% of all investors had he...