Can ETH, which has been profitable for six consecutive quarters, continue in the next quarter?

Ethereum has seen a 30% drop in exchange volume over the past 24 hours,Enhances the scarcity of Ethereum. Both the short-term and the long-term seem to be full of bullish sentiment for Ethereum。

After the supply and balance of ETH spot volume on exchanges dropped over the past few weeks, ETH was trading above the $2,433 level, with the holding percentage of large holders reduced to 41%.

For Doge and Link, the concentration of large holders drives prices up, whileRetail traders are even more important when it comes to Ethereum。

Holders of Ethereum are profitable at current price levels, but overall on-chain market sentiment is bearish. In the past week, the transaction volume of the Ethereum ecosystem reached 199.75 billion US dollars, and the overall market growth is positive.

The impact of current market news on the price of Ethereum is largely positive. Ethereum’s July update is expected to increase its demand. Data based on skew shows that Ethereum has had positive quarterly returns in each of the past six quarters.

Given the current trading volumes on spot and derivatives exchanges, it is likely that Ethereum’s returns for the next quarter will also be largely positive.

Ethereum has taken a backseat from the debate it had with Bitcoin a few years ago,As Layer2 scaling solutions and top DeFi projects gain importance in network activity and exchanges, discussions on these issues gradually become more prominent topics。

Ethereum’s profitability depends largely on its ability to withstand selling pressure when the concentration of large holders declines.

The price has held above the $2,400 level so far, save for last weekend's drop. Volatility and market volume are directly proportional to price,An increase in social media mentions is one of the boosts to the profitability of Ethereum holders。

According to the above chart, the integration of Ethereum has started, and the holding addresses after this integration and sale phase range from holding 10 ETH to 1,000 ETH, and the size of the configured address ranges from 10,000 ETH to 100,000 ETH. wait.

we can find out that,Large holders are accumulating ETH, relatively small holders are sellingThe original text comes from ambcrypto, compiled and organized by Blockchain Knight, the English copyright belongs to the original author, please contact the compiler for Chinese reprint.

The original text comes from ambcrypto, compiled and organized by Blockchain Knight, the English copyright belongs to the original author, please contact the compiler for Chinese reprint.