{"id":426740,"date":"2020-06-10T01:00:15","date_gmt":"2020-06-10T01:00:15","guid":{"rendered":"https:\/\/uniquehot.com\/?p=426740"},"modified":"2020-06-09T21:55:36","modified_gmt":"2020-06-09T21:55:36","slug":"80-of-ethereums-supply-is-in-profit","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/ethereum\/80-of-ethereums-supply-is-in-profit\/","title":{"rendered":"80% of Ethereum\u2018s Supply is in Profit; What This Means for ETH"},"content":{"rendered":"
From a technical perspective, Ethereum\u2019s price action has been relatively lackluster in recent times, with buyers struggling to garner any sustainable uptrend as the crypto closely tracks Bitcoin\u2019s price action.<\/p>\n
One data metric does indicate that investors have been heavily accumulating throughout the course of the cryptocurrency\u2019s recent downturn.<\/p>\n
This accumulation has led investor\u2019s profitability to reach a historical region of resistance, as 80% of ETH\u2019s supply is now in a state of profitability.<\/p>\n
In the past, this has only lasted for short periods of time, as typically this percentage sees swift declines when it reaches this percentage.<\/p>\n
This could be coming about as the cryptocurrency flashes technical signs of forming a mid-term peak.<\/p>\n
Ethereum Shows Signs of Forming a Topping Out as Its Momentum Falters<\/strong><\/h2>\n