#USCryptoWeek Ethereum (ETH) tokens surpass the rough patch.
$ETH 💥💥💥💥✨💥💥💥
After the boost in January, the performance of Ethereum's native token was not particularly remarkable according to the community. The rough patch even led some critics, like Charles Hoskinson, to claim that in 15 years Ethereum could cease to exist.
During that correction period, the price of ETH dropped to as low as $2,100 per unit. Despite the pessimism, Ethereum demonstrated its resilience as the second most important cryptocurrency in the market, just behind Bitcoin. In this context, the recent rally represents a key turnaround in the ETH narrative.
The fact that four out of five ETH tokens are in profit is a clear indicator of the strength of this recovery. According to Santiment, only 13 million tokens are needed to match ETH's all-time high in profits, reached in December 2024 with 137.17 million.
Overall, the data suggests that if the current trend continues, Ethereum could set new profitability records for its holders in the short term. However, the outlook still presents challenges, especially due to the resistance at $3,200, a level that has proven difficult to surpass. Therefore, some investors may choose to secure profits before that price is reached.