The post Ethereum Price Today As 92% ETH Holders Are Profitable appeared on BitcoinEthereumNews.com.

Ethereum price today trades at $3,989.0 as of 11 PM. The drop comes after ETH hit a daily high of $4,081.8 after 0.96% move on December 17. Ethereum Price Today is Up As ETH Trades at $3,989.0 As noted in a pervious CoinGape article, Ethereum price rejected from the parallel channel’s midpoint twice in the past four days. But the $3,900 support level holds, preventing a further crash. As this price action unfolds, on-chain analysis of ETH holders reveals that 92% are in the money, while 3% are at breakeven and the remaining 2% are out of the money. How will this impact Ether prices in the short-term? Will ETH continue its uptrend or crash lower? Let’s find out. Ethereum Price Chart Today *Ethereum price updated as of 11 PM. Ethereum’s innovative smart contract technology has made it a standout altcoin since its inception in 2015. Continuous major network upgrades ensure Ethereum stays ahead in smart contract innovation. The latest upgrade, Cancun, launched on March 13, 2024. Ethereum Price Outlook ETH’s year-to-date (YTD) performance continues to increase and currently sits at 75.29%. This recent slump in Bitcoin price has affected the YTD gains, which have dropped from 50% since November 11. Ethereum: The Second-Largest Crypto By Market Cap Ethereum ranks second in market capitalization, valued at $480.7 billion, after Bitcoin’s $2 trillion. Together, BTC & ETH’s market capitalization constitutes 83% of the total crypto market cap. Since its all-time high of $571 billion in November 2021, Ethereum’s value decreased by half in October, but has spiked recently due to Bitcoin’s new ATH. Still, Ethereum maintains a strong lead over other popular cryptocurrencies: Solana (SOL): $109 billion Ripple (XRP): $138 billion BNB (BNB): $104 billion In addition to a massive market cap, Ethereum’s 24-hour trading volume sits at $50.9 billion. Ethereum’s…

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Filed under: News - @ December 17, 2024 4:19 am