11-Month High

According to reports, data shows that the number of profitable addresses for ETH has reached 62050322.524 in the past hour (7d MA), reaching an 11-month high. ETH’s number of profitable addresses hit an 11-month high Analysis based on this information:Ethereum (ETH) is a decentralized platform that enables smart contracts and decentralized applications. It is the second-largest cryptocurrency by market capitalization after Bitcoin. One of the metrics used in ETH’s adoption is the number of profitable addresses, which are wallets holding ETH but with a higher value than the cost basis. This shows a bullish sentiment among investors and traders, as they are holding a profitable position. The recent data shows that the number of profitable addresses for ETH has reached an 11-month high. According to reports, the number of profitable addresses for ETH has increased to 62,050,322.524 in the past hour, using the seven-day moving average (MA). This marks the highest level since August 2020, indicating a positive trend in…