According to a recent report, 61% of Ethereum holders are currently making a profit on their investments. However, in order for Ethereum bulls to continue seeing gains, the price of ETH must stay above $2,290.
This data suggests that a majority of Ethereum investors are in a good position financially, with the cryptocurrency’s price being higher than their initial investment. This is positive news for those who have chosen to hold onto their Ethereum holdings.
For Ethereum bulls to maintain their profitability, it is crucial for the price of ETH to remain above the $2,290 mark. This level serves as a key support level for the cryptocurrency, and a drop below it could potentially lead to losses for investors.
Overall, the current data indicates that a significant portion of Ethereum holders are seeing positive returns on their investments. However, it is important for ETH bulls to monitor the price closely and ensure that it stays above the $2,290 threshold in order to continue seeing profits.