🚀 Ethereum Holders Show Resilience Amid Bear Market
#Ethereum #Holders #BearMarket #Profitable #Resilience #ETH #LongTermValue #CryptoEconomics
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.#Ethereum #Holders #BearMarket #Profitable #Resilience #ETH #LongTermValue #CryptoEconomics
🚀 Solana Faces Downward Pressure Amid Weak Demand and Bearish Market Conditions
#Solana #downwardpressure #weakdemand #bearishmarket #investordemand #capitulation #profitable supply #cryptocurrency #priceprediction #supportlevel #resistance #SOL
Solana's price is experiencing sustained downward pressure, currently hovering around $80. According to NS3.AI, this is due to weak investor demand and prevailing bearish market conditions. On-chain data indicates that long-term holders are capitulating, with the profitable supply at a multi-year low of 15%, reflecting diminished investor conviction. If the selling pressure continues and the support level at $79 is breached, Solana's price could further decline toward $70. Conversely, breaking above the resistance at $88 might trigger a recovery.#Solana #downwardpressure #weakdemand #bearishmarket #investordemand #capitulation #profitable supply #cryptocurrency #priceprediction #supportlevel #resistance #SOL