The ongoing price slump in the broader digital currency ecosystem is not deterring the profitability of the Ethereum (ETH) ecosystem. 

Ethereum Holders Profitability Metrics

According to data from crypto analytics provider IntoTheBlock (ITB), a total of 63.9% of ETH holders are currently in profit. In actual numbers, this percentage translates to a total of 63.17 million addresses active on the Ethereum network.

Assets that are in losses according to the chart shown come in at 31.31 million addresses or 31.69% of the total addresses listed. While profitability and losses are the two extremes that are in the network at this time, the ITB data also shows another class of HODLers who are “at the money” or recording no losses at the time of writing.

63.9% of ETH holders are currently in profit.
The bubbles below show important potential resistance/support levels for $ETH. smaller bubbles are easier to surpass when price starts moving. pic.twitter.com/guf4n5PKKH

— IntoTheBlock (@intotheblock) July 31, 2023

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These addresses which are neither in profit nor loss are 4.32 million in number, accounting for 4.37% of the total active addresses in circulation.

The profitability of Ethereum is a key consideration that can intrigue new investors across the board. That more people are in profit is a very good catalyst bolstering the interest amongst the more than 445,000 Daily Active Users (DAU) on the Ethereum blockchain. While these addresses are a reflection of how robust Ethereum DeFi is, it is also an indication of how prominent Ethereum is in comparison to Bitcoin, the largest digital currency in the world.

The Security Sentiment

As part of the sentiment surrounding Ethereum, the security status as it is being tagged by the United States Securities and Exchange Commission (SEC) remains a promising factor.

Unlike other top smart contract tokens around today including Cardano (ADA), Solana (SOL), The Sandbox (SAND), and Filecoin (FIL), Ethereum has not been tagged a security by the SEC in recent times, a consideration that has proven to Ethereum whales that the token is stable per regulatory standing.

Ethereum is changing hands at a price of $1,860.89 at the time of writing after slipping by 0.89% over the past 24 hours. Despite Ethereum trading below its All-Time High (ATH) by 61.97%, the sheer stability that was introduced since The Merge event has helped it maintain an attractive profitability for the majority of its holders.