According to data provided by cryptocurrency analytics firm Glassnode, the share of Ethereum addresses in profit has reached 99 percent.
Earlier today, the Ether rallied to $4,025, its highest level since May 15.
More than 99% of Ethereum addresses are in profit.
We’re all gonna make it, right? pic.twitter.com/1h6RbE5af4— Lex Moskovski (@mskvsk) September 3, 2021
After paring some gains, the second-largest cryptocurrency is currently trading at $3,949 on the Bitstamp exchange.
Ether is currently less than 10 percent away from reclaiming its all-time high of $4,356 that was logged on May 12.
The Bitcoin rival is up 137 percent from its local bottom of $1,698 and 438 percent on a year-to-date basis.
The Ether price continues to see tailwinds from decentralized finance and non-fungible tokens.