Ethereum Profitability Hits Highest Level Since December 2024
More than 90% of Ethereum addresses are currently in profit, marking the highest percentage since December 2024. This milestone signals a strong market performance and increased investor confidence in ETH as its price nears the significant $4,000 level.
According to recent data from on-chain analytics provider Sentora, only about 2.39 million Ethereum addresses remain at a loss, indicating a notable reduction in sell pressure near current market prices. This scenario creates favorable conditions for Ethereum’s price to continue rising in the near term.
🔍 Key Takeaways:
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Over 90% of Ethereum addresses are in profit, setting a new high since late 2024.
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On-chain resistance is weak near current prices, as few addresses bought ETH above this range.
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Only 2.39 million ETH addresses are underwater, most of which bought ETH below $4,000.
📈 How Is Ethereum’s On-Chain Profitability Trending?
Sentora’s on-chain data shows that over 90% of Ethereum addresses are currently profitable — a level unseen since December 2024. This reflects a strong bullish sentiment among ETH holders, as most investors acquired their holdings below current market prices.
This high percentage of profitable addresses often contributes to market stability, as fewer holders are likely to panic sell. It also enhances Ethereum’s momentum by attracting new buyers expecting continued upward trends.
🧱 Why Is Ethereum’s On-Chain Resistance Considered Weak?
Ethereum’s current on-chain resistance appears minimal, primarily because a relatively small number of wallets bought ETH at prices above the current level. According to John Smith, Head of Analytics at Sentora (July 2024), this means ETH faces little friction in pushing past the $4,000 threshold.
“Weak on-chain resistance allows Ethereum to climb more easily, potentially paving the way for a sustained breakout beyond $4,000,”
– John Smith, Sentora
Additionally, the absence of large whales or major investor groups holding ETH at higher price levels reduces the risk of sharp sell-offs as the price climbs.
💸 What Does It Mean That 2.39 Million Addresses Are Still in Loss?
Currently, only 2.39 million Ethereum addresses remain underwater, mostly acquired ETH at levels under $4,000. This number is relatively small compared to the total Ethereum network, and it helps investors gauge potential downside risks.
The low count of addresses in loss suggests that a large-scale panic sell is unlikely, contributing to market balance and supporting Ethereum’s bullish trajectory.
📊 Comparing Ethereum vs. Bitcoin – On-Chain Metrics
| Metric | Ethereum (ETH) – July 2024 | Bitcoin (BTC) – July 2024 |
|---|---|---|
| % of Addresses in Profit | Over 90% | Around 85% |
| On-Chain Resistance Level | Weak (Below $4,000) | Moderate (Around $30,000) |
| Number of Addresses in Loss | 2.39 million | 4 million |
This comparison highlights Ethereum’s current technical advantage, with stronger profitability metrics and a less resistant on-chain environment than Bitcoin.
❓ Frequently Asked Questions (FAQ)
1. What does it mean when over 90% of Ethereum addresses are in profit?
It indicates that most ETH holders bought their tokens at prices below the current market value, reflecting a strong and healthy market outlook.
2. How does on-chain resistance affect ETH price movements?
Lower on-chain resistance means fewer holders are likely to sell at current prices, allowing ETH to rise more easily with reduced selling pressure.
3. Should we worry about the number of ETH addresses still in loss?
The current number (2.39 million) is relatively low and not enough to trigger widespread panic selling, making it less of a concern for price stability.
4. Is Sentora a reliable source of on-chain data?
Yes. Sentora is widely regarded as a trusted provider of blockchain analytics, and its data is commonly referenced in the crypto industry.
5. Why is $4,000 a critical price level for Ethereum?
It serves as a major on-chain resistance. A successful breakout above $4,000 could signal the beginning of a longer-term rally and attract more institutional and retail investors.
Conclusion:
Ethereum is showing remarkable strength as it heads toward $4,000, supported by solid on-chain fundamentals and high profitability among holders. If current trends continue and resistance remains weak, ETH may be poised for a major breakout in the weeks ahead.
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