99% of Ethereum addresses are profitable as the ETH price crosses the key mark of USD 4,000

On September 3, after a strong week of positive factors, ETH price rose above $ 4,000 for the first time since mid-May.

With a month-to-month achieve of $ 600 (44%), ETH / USD has regained historic ranges misplaced in the dramatic turnaround that rocked the crypto markets about three months in the past.

As such, Ether has damaged out of its three-month trading vary, with an area excessive of $ 4,025, which is simply $ 350 away from the earlier ATH of $ 4,356 – recorded May twelfth.

Source: TradingView

In phrases of weekly efficiency, Ether has the third largest winner amongst the high 10 cryptocurrencies by market capitalization, behind Solana’s SOL and Polkadots DOT.

With this nice achievement, knowledge from Glassnode reveals that 99% of ETH addresses are profitable.

More than 99% of Ethereum addresses are profitable.

We’ll all make it, proper? pic.twitter.com/1h6RbE5af4

– Lex Moskovski (@mskvsk) September 3, 2021

How lengthy can the enjoyable final?

Ether’s successes have given the cops trigger for celebration, however the transfer has additionally generated some whisper from critics.

Overall, nonetheless, opinions counsel that the last months of 2021 may be just like the 2013 and 2017 cycle.

Analyst Lark Davis summary:

“Whenever the fun ends, the next few months get insane, but there’s also a day during this frenzy when the music stops.”

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Annie

Bitcoin journal

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