$ETH

Around 53% of Ethereum (ETH) addresses are currently operating at a loss as broader market volatility continues to take a toll on ETH’s price.

The second-largest cryptocurrency by market capitalization is grappling with a challenging period worsened by macroeconomic challenges.

Majority of Ethereum Addresses Hit by Losses

In a recent post on X (formerly Twitter), CryptoRank shared that less than half of Ethereum addresses are profitable.

“47% of addresses holding ETH are in profit at the current market price of $1,900.” the post read.

In contrast, Bitcoin (BTC) has seen 86% of its holders in profit, demonstrating its relative stability compared to Ethereum. Meanwhile, Bitget Token (BGB) leads the pack with an impressive 95% of its holders currently in profit.