The Ether market continues to draw analysts' attention as short-term holders begin to take profits amidst price fluctuations.
Profit Realization by Short-Term Ether Holders
According to analytics platform Glassnode, short-term Ether holders have been actively taking profits. The profit being realized is about $553 million per day, largely driven by short-term investors.
Long-Term Holders Retain Assets
In contrast to short-term investors, long-term Ether holders, who have held assets for more than 155 days, are not in a rush to take profits. This group's profit realization level is similar to December 2024.
Analysis of Current Ether Market Situation
Currently, Ethereum is trading at $4,283, which is 12.7% below its all-time high of $4,828 reached in November 2021. While the cryptocurrency has grown by 43% over the past 30 days, analysts point to substantial uncertainty among traders regarding future price growth.
The profit-taking by short-term Ether holders and price fluctuations in the current market reflect mixed sentiments among traders, creating uncertainties about the future price direction for Ether.
