Ethereum [ETH] becomes more lucrative with focus on 'patience is king'
Ethereum has headed the overall recovery of the market in recent times. ETH prices quickly shot upwards of $1,700 to register one-month highs following an important update regarding the Merge.
With its value growing in such a short span, trader profitability ramped up on the network. According to data from IntoTheBlock, ETH profitability has reached 52% recently. At the same time, only 44% of holders are currently experiencing losses.Notably, there are 62% of investors who have held their coins for more than a year. It simply means that almost all of those in profit are long-term holders.
Despite the dip, network activity has been impressive on Ethereum of late. With growing interest in the Merge, the network is attracting new investors regularly. As Glassnode
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