Ethereum (ETH) investors experienced a lucrative July, realizing an average daily profit of $770.1 million, according to on-chain analytics firm Glassnode. This surge in profitability exceeds levels observed even in December of the previous year, highlighting a significant shift in ETH's market dynamics. Glassnode's analysis indicates a divergence in profit realization between long-term and short-term ETH holders. While long-term holders maintained profit levels similar to December, short-term holders saw a considerable increase in realized profits. This suggests increased trading activity and potentially higher risk appetite among newer ETH investors. The surge in profitability reflects the renewed interest and positive sentiment surrounding Ethereum, likely driven by factors such as anticipation of network upgrades and broader market recovery. This increased profitability could further fuel investment and adoption of ETH in the coming months. ```

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