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By Omkar Godbole, AI Boost|Edited by Parikshit Mishra
Aug 11, 2025, 11:23 a.m.
- Ether’s recent rally has resulted in 97% of its addresses being in profit, potentially increasing sell-side pressure and slowing price growth.
- Profit-taking in ether is rising again, with a seven-day average reaching $553 million per day.
Ether’s (ETH) recent rally has pushed a vast majority of its addresses into profit, a development that could slow its ascent.
According to analytics firm Sentora, 97% of ether addresses are now “in-the-money.” In other words, the average acquisition costs of these addresses is lower than ether’s going market rate of $4,225.
STORY CONTINUES BELOW
This high profitability figure suggests that the current price rally could run into a significant increase in the sell-side pressure, a dynamic that could slow the price ascent.
According to data by Glassnode, profit-taking is already happening. ETH profit realization, measured by a seven-day simple moving average, is ramping up again, with the tally climbing to $553 million per day. The profit taking peaked a $771 million per day in July.
Further analysis reveals a shift in the source of this selling. While long-term holders, or those holding coins for over 155 days, are realizing profits at levels consistent with the peak in December 2024, it is now short-term investors who are driving the current wave of profit-taking.
Read: Ether to $4.4K? This Hidden Signal Suggests a Possible Quick Fire Rally
Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy.
Omkar Godbole is a Co-Managing Editor and analyst on CoinDesk’s Markets team. He has been covering crypto options and futures, as well as macro and cross-asset activity, since 2019, leveraging his prior experience in directional and non-directional derivative strategies at brokerage firms. His extensive background also encompasses the FX markets, having served as a fundamental analyst at currency and commodities desks for Mumbai-based brokerages and FXStreet. Omkar holds small amounts of bitcoin, ether, BitTorrent, tron and dot.
Omkar holds a Master’s degree in Finance and a Chartered Market Technician (CMT) designation.
“AI Boost” indicates a generative text tool, typically an AI chatbot, contributed to the article. In each and every case, the article was edited, fact-checked and published by a human. Read more about CoinDesk’s AI Policy.
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By CD Analytics, Oliver Knight
53 minutes ago
NEAR Protocol whipsawed through a $0.12 range before a late selloff drove prices to key support, as institutional crypto inflows signal resilience amid broader market caution.
What to know:
- NEAR fell 0.98% in the last 60 minutes of trading on August 11, dropping from $2.755 to $2.730 amid persistent selling pressure, repeated failed recovery attempts, and a late-session stall at the $2.729–$2.730 support zone.
- The token swung through a $0.12 (4%) range between $2.70 and $2.82, with an early rally to the session high reversing on strong volume and multiple successful bounces off support before the final decline.
- Despite short-term weakness, institutional inflows into digital asset products totaled $572M—led by Ethereum and Bitcoin—signaling renewed confidence that may help counter macroeconomic and geopolitical headwinds.
