Cryptocurrency Update: Most Ethereum Owners Currently Holding Profitable Positions, Yet Details Behind the Scene Offer More Insights
In the past 24 hours, the Ethereum ecosystem has seen a significant surge, with both price and trading volume on an upward trajectory. This bullish sentiment has been fueled by several strong factors, including record on-chain activity, institutional demand, technical breakouts, and favorable macroeconomic conditions.
Currently, Ethereum's price stands at $4,763.33, a 1.55% increase in the last 24 hours. This puts Ethereum just 3% away from its all-time high of $4,891.70, a milestone it last reached about four years ago. With all investors in profit, Ethereum holders are likely to hold off selling their asset, anticipating a new all-time high.
The trading volume, if it manages to pull into the green zone, could help Ethereum set a new all-time high. However, it's worth noting that the trading volume has dipped by 8.47% to $61.39 billion in the last 24 hours.
Recent sell pressure from a major Ethereum ICO whale has decreased, suggesting a decrease in sell pressure on the leading altcoin. This is a positive sign for Ethereum's bullish run, as it indicates a reduction in selling pressure from large-scale investors.
Interestingly, only 1.19% of holders are "At the Money," accounting for 1.79 million ETH worth $8.52 billion. This means that about 98.81% of Ethereum holders, or those who bought the asset at a price lower than the current market price, are currently in profit. No Ethereum holder is currently "Out of the Money."
According to IntoTheBlock data, a total of 148.2 million ETH valued at $704.29 billion are "In the Money." This indicates that the majority of Ethereum holders are benefiting from the current bull run.
Several key factors are currently driving Ethereum's rally. These include record network usage and on-chain activity, widespread profitability among holders, surging futures open interest, technical breakouts and strong support levels, institutional inflows and adoption, staking-related deflation and network upgrades, Ethereum outperforming Bitcoin, and macroeconomic tailwinds.
For instance, Ethereum processed over 1.74 million daily transactions in early August 2025, with daily active addresses exceeding 680,000, largely due to DeFi activity and institutional participation. U.S. spot Ethereum ETFs have seen massive inflows, with prominent purchases such as BlackRock's $233 million buy contributing to confidence. ETF inflows reached $4 billion in Q2 2025, aided by the SEC's commodity reclassification of Ethereum.
The Federal Reserve’s dovish monetary stance combined with regulatory clarity has bolstered investor confidence in Ethereum and related financial products. The ETH/BTC ratio has doubled from its lows, signaling strong relative performance and encouraging capital rotation from Bitcoin to Ethereum.
Market sentiment reflected in prediction markets also shows an 88% chance ETH will hit $5,000 by August 2025, further fueling bullish enthusiasm. Together, these on-chain metrics, technical analyses, institutional demand, staking dynamics, and macroeconomic conditions combine to sustain Ethereum’s bullish run, placing it very close to its all-time high and supporting expectations of further gains.
Some market participants are anticipating the ETH price to hit $5,000, a level closely monitored by investors as it could set off a short squeeze and severe liquidations. However, whether Ethereum will indeed reach this milestone remains to be seen.
[1] Data Source: Santiment [2] Data Source: Glassnode [3] Data Source: IntoTheBlock [4] Data Source: CoinShares [5] Data Source: Predictwise
- The surge in the Ethereum ecosystem can be attributed to factors such as record on-chain activity, institutional demand, technical breakouts, and favorable macroeconomic conditions, as revealed by data from sources like Santiment, Glassnode, and IntoTheBlock.
- Recent analysis shows that about 98.81% of Ethereum holders are currently in profit due to the current bull run, with the trading volume suggesting a potential new all-time high, as indicated by data from IntoTheBlock.
- The selling pressure from a major Ethereum ICO whale has decreased, indicating a reduction in selling pressure from large-scale investors, according to data from Santiment.
- Market sentiment reflects an 88% chance that Ethereum will hit $5,000 by August 2025, reinforcing the overall bullish sentiment towards the cryptocurrency, as reported by Predictwise.
