According to data provided by cryptocurrency analytics firm Glassnode, the share of Ethereum addresses in profit has reached 99 percent.
Earlier today, the Ether rallied to $4,025, its highest level since May 15.
More than 99% of Ethereum addresses are in profit.
— Lex Moskovski (@mskvsk) September 3, 2021
We're all gonna make it, right? pic.twitter.com/1h6RbE5af4
After paring some gains, the second-largest cryptocurrency is currently trading at $3,949 on the Bitstamp exchange.
Ether is currently less than 10 percent away from reclaiming its all-time high of $4,356 that was logged on May 12.
Alex DovbnyaThe Ether price continues to see tailwinds from decentralized finance and non-fungible tokens.
Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
Tomiwabold Olajide
Dan Burgin
Vladislav Sopov