59% of Ethereum (ETH) Holders Are in Profit Right Now

This significant majority reflects growing investor confidence amid recent bullish momentum in the broader crypto market.

The price of Ethereum fell slightly over the past 24 hours and is currently trading at around $2,459.

According to the latest on-chain metrics from Glassnode, 59% of all Ethereum holders are now in profit.

This significant majority reflects growing investor confidence amid recent bullish momentum in the broader crypto market.

Key On-Chain Insights

This means that nearly 6 in 10 Ethereum wallets are seeing gains on their holdings, while just over a third remain in the red. The “at the money” group—holders who bought near the current price—represents a smaller 5%, indicating relatively fewer recent buyers sitting at break-even.

Other Vital Metrics at the Time of Writing

Despite a $1 billion outflow over the past week—often a bearish signal—the Ethereum network is flashing mostly bullish signs. According to the summary indicator, Ethereum’s on-chain signals show 3 bullish indicators and 1 neutral, with none registering as bearish at this time.

According to the latest data, the majority of on-chain signals are bullish for Ethereum.

The summary indicator, which is an average of seven on-chain signals, stands at 3 bullish and 1 neutral, with no bearish signals at the moment.

The indicator has been flashing mostly bullish throughout the year, though it did slip into bearish territory in May as the crypto market experienced a downturn.

The indicator is currently at 3.0, and if it remains above 4.0, it could indicate sustained bullish pressure on the Ethereum network.

However, it's worth noting that on-chain signals are not the sole determinant of price trends, and technical and fundamental factors also play a role in influencing market movements.

Investor Sentiment Remains Positive

Overall, the sentiment is marked as "Mostly Bullish," driven by:

While there are currently no exchange or derivatives signals available for Ethereum, the on-chain data paints a picture of a maturing asset held long-term by confident investors.

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