Ethereum was slaughtered, and the profit ratio hit a 4-month low! Will it fall further?
Ethereum's market value has plummeted 36% from its local high 7 weeks ago, resulting in a sharp drop in profitable addresses, a direct drop in the profit ratio of holdings to a 4-month low, and a 3-month low in the number of profitable tokens. ETH's callback this time is worse than the market, and market sentiment has fallen into hell mode, with FUD flying everywhere and retail investors cutting their losses to escape.
But be aware that real opportunities are often hidden in panic. Ethereum has currently entered the oversold range. Once the market stabilizes, the rebound may be faster than you think! Don't be too arrogant with shorts, the market will always give unexpected surprises.
