{"id":500149,"date":"2022-08-26T17:00:52","date_gmt":"2022-08-26T17:00:52","guid":{"rendered":"https:\/\/wncen.com\/?p=500149"},"modified":"2024-06-11T14:23:02","modified_gmt":"2024-06-11T14:23:02","slug":"majority-of-ethereum-investors-maintain-profitability-despite-decline-below-1700","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ethereum\/majority-of-ethereum-investors-maintain-profitability-despite-decline-below-1700\/","title":{"rendered":"Majority Of Ethereum Investors Maintain Profitability Despite Decline Below $1,700"},"content":{"rendered":"
Profitability in digital assets such as Ethereum is important to investors in the space. With the decline following the bull market, a good number of ETH investors have seen the profitability of their holdings decline significantly. It had fallen below 50% when the price of ETH had broken below $1,000 last month. However, with the recovery at the beginning of August, Ethereum had rallied as high as $2,000, and now the majority are back in profit.<\/p>\n
56% Of Investors In Profit<\/h2>\n
The price of ETH had been rejected at the $2,000 level, which had seen the price decline once more to the $1,500 territory. However, the digital asset would not last long at this point as it would reclaim $1,700 for a brief period before falling back down below $1,700. But even with the decline, the majority of ETH investors are still seeing green in their portfolios.<\/p>\n