Ethereum Holders Show Resilience Amid Bear Market

According to Odaily, recent data from IntoTheBlock reveals that the proportion of profitable Ethereum holders has dropped to a low of 46% during the current bear market. This is a significant contrast to the 2017 cycle, where the percentage of profitable holders fell to just 3%. This comparison indicates that Ethereum's current cycle demonstrates greater resilience, with many holders remaining profitable even during economic downturns, reflecting stronger confidence in ETH's long-term value. During the 2019/2020 period, the percentage of profitable ETH addresses fell below 10%. While similar conditions could potentially lead to a return to bear market lows, the current market suggests that any downturn may not be as severe.