The last chart in this report shows that the Ethereum price probably still has room to grow when considering the entire cycle. It shows the multiple of profits recorded by investors in specific groups. These include investors with more than 100,000 ETH (purple) and the cohort with 10,000 to 100,000 ETH (orange).
As you can see, both wealthy groups in this bull market are still a long way from the gains of past cycles. In fact, the current phase is more like an accumulation.
A sign that said investors need to see significantly higher price increases to be tempted to sell their coins. A “market top” for ETH could therefore still be reached in the future.
You can read about the current status of Ethereum and what to expect from the start of trading of the Ether Spot ETF in our latest edition of the free Ethereum Report.
Disclaimer: All content presented in this article is for information purposes only and does not constitute a recommendation to buy or sell.
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