⚡️Despite the fact that ETH is near multi-year highs, the potential for further medium-term growth remains.
To confirm this - the unrealized profit metric from Glassnode. It shows the potential profit for investors by calculating the difference between the purchase price and the current price.
❗️All recent uptrends in Ethereum ended when its values were higher than the current ones. Compared to March 2024, the growth potential is still very large.
PS: However, considering that the price has now reached several resistances, a local correction is quite possible.#Ethereum $ETH