Ethereum Addresses in Profit Reach 11-Month High

Ethereum Addresses in Profit Surge

Ethereum (ETH) has seen a significant milestone with the number of addresses in profit reaching an 11-month high. The latest data reveals a total of 63,933,355.435 addresses, surpassing the previous high recorded in March 2023. This uptick reflects a growing interest in Ethereum as the crypto market shows signs of recovery.

Record Highs for Non-Zero Addresses

In addition to the surge in profitable addresses, Ethereum has set a new all-time high for non-zero addresses, now totaling 96,039,880. This increase indicates sustained engagement and investment in the ETH network, underscoring its status as a leading altcoin.

Current Market Performance

Ethereum's market performance has been robust, trading at $1,813.93 after a 3.43% price increase. The altcoin reached a high of $1,853.89 and a low of $1,746.58 within 24 hours. Despite a decrease in 24-hour trading volume by over 14%, the market cap remains strong at $222 billion.

ETH vs. Bitcoin

Ethereum has also strengthened against Bitcoin, improving by approximately 1.32% over the past day. This performance highlights Ethereum's resilience and potential for further growth in the competitive crypto landscape.

Weekly Gains and Market Outlook

Over the past week, Ethereum has experienced a more than 4% increase, reflecting a positive market sentiment. While trading volume has dipped, the overall market outlook remains optimistic as Ethereum continues to draw investor interest.

Ethereum's recent achievements indicate a promising trajectory, with rising engagement and profitability among its user base. As the crypto market evolves, Ethereum's growth metrics suggest it is well-positioned for future opportunities.