Almost all Ethereum owners are on profit: is everyone going to sell now?

For a long time there was a bleak sentiment around Ethereum (ETH). In June the digital currency even dropped to a local bottom of $ 2,170. In the meantime, however, it is a completely different story: the token is with a rate of $ 4,400 on its highest rating since 2021. This ensures that a huge number of addresses are in the profit, a situation that may also cause risks.

ETH reaches historical profit level

New Data from Intotheblock shows that no less than 99 percent of all addresses with ETH currently turn green. Such a high percentage was last seen during the Bullrun of 2021, a period that was finally followed by substantial corrections.

The cause of the extremely high Winstratio is due to the strong undervaluation of Ethereum in the previous months. We saw a long period in which Bitcoin (BTC) always reached new heights, while ETH rose relatively little in value. It even achieved its lowest appreciation compared to the largest crypto in more than five years.

The Bearish sentiment ensured that many weak hands were filtered out in that period. The losers have disappeared, so that the vast majority of current holders are now on winning.

Ethereum cannot be stopped and today the limit of $ 4,400 for the first time since December 9, 2021 broke. The rate raised lightning fast by 3 percent after inflation in the United States came in lower than expected. The Altcoin now only has to rise by around 11 percent to get to its record of $ 4,891.

Companies ensure strong soil

In the past it often turned out that the 90 percent boundary was a tilt point. As soon as a vast majority stood in the Plus, profit -made people often followed the ETH course.

However, an aspect that makes the current situation different is the rise of several companies with an Ethereum reserve. These parties have recently bought billions of dollars from the Altcoin, with the intention of holding them for a long time.

The American spot stock market funds for Ethereum are also very popular. Yesterday a new record was even set, with an influx of more than 1 billion dollars in one day.

The positive thing about this is that even when these companies are on considerable profits, they will probably not sell their positions. This allows the winstratio to rise much further without this leading directly to mass profit.

But if the price continues to rise, a tipping point will ultimately follow on which investors sell their positions. However, this does not mean the end of the Bullrun. As soon as traders get out of large profits, new buyers often come to the market. They then lay the foundation for a new soil.