Ethereum Hits Record High: 60% of Holders Now in Profit

Recent market gains have lifted a significant portion of Ethereum (ETH) holders back to profitability. According to data from Sentora, nearly 60% of addresses are now seeing their holdings at or above the cost they acquired them at. This indicates a strong recovery in the crypto market and renewed investor confidence. Experts attribute this positive shift to factors like DeFi growth, increased institutional interest, and the rebounding Bitcoin price, which significantly impacts ETH. 2023 has seen dramatic shifts as Ethereum navigated a challenging period of losses. The story of Ethereum’s recent comeback is one of resilience and momentum in a volatile market.