Almost all ETHEREUM holders are green, but ETH Rally may not end! star-news.press/wp

Main meals

ETHEREUM Rally Pay 97 % of profit holders. However, the scales revealed on the series that the market may not be heavy.

---

Ethereum (ETH) holders ride profits close to the record at the present time. However, it seems that there is no stopping in the short term. According to the data on the chain, the altcoin rally can eventually, before cooling.

The short -term traders make a faster exchange than it was at any time in the past year, but without transferring the market to exhaustion.

Almost every ETH holder in profit!

With 97 % of Ethereum addresses Currently in profit, You expected the market to approach exhaustion.

However, the data from Sentora has confirmed almost global gains between my holders. This, while the extreme values index of Glassnode’s MVRV Remain Much lower than the frantic red area that historically carries the peaks of the cycle.

It hovers near the 2.0 level, MVRV still has a space before it exceeds the peaks above 3.0-3.2. The last time was seen during the joyful stages in 2017, 2021 and Oras 2023.

Consequently, it can be said that the market may be in the early profit cycle to the middle of the stage, instead of the top of the final explosion.

As an encryption analyst Ali Martinez maleThe preparation may indicate more bullish capabilities. Especially if the profit is absorbed by short -term holders through continuous demand.

STHS leads Ethereum profit

The last Ethereum profit wave Lead Inappropriately by short -term investors.

In fact, Glassnode data showed that 7 -day SMA has achieved profits of $ 771 million per day in July, exceeding its highest levels in December 2024. This was the case before you slightly fell to $ 553 million this month.

Long -term profits were in line with the peak of December as well. Here, it should be noted that the last acceleration came from the addresses that retain ETH for less than six months.

What this involves is that traders are quick to move from the strength of prices more strongly than in previous sessions.

However, this was the case without leading to a kind of saturation of profit that usually precedes the main market peaks.

The continuous rotation of long -term stability to the short -term exit processes is a sign that this is the gathering that is nourished by an active rotation, rather than fatigue. This leaves room for more expansion if the demand is suspended.