Number of Profitable Ethereum Addresses Hits Highest Level in 11 Months

Ethereum (ETH) has seen a 40% gain in value since the start of January. Analysts surveyed by Finder predict that by 2023, the ETH exchange rate will exceed $2,000, and if the inflow of capital into projects utilizing Ethereum’s power increases, that rate could reach $14,000 by 2030.

The number of profitable addresses on the Ethereum blockchain has reached a high of 63.9 million, according to data from Glassnode.

After dropping below $1200, Ethereum was able to regain its losses and came close to $1800 by the end of March. Furthermore, Glassnode has reported a new record of over 96 million addresses with a non-zero balance.

However, network activity on Ethereum has been decreasing for the past week, causing ETH to remain in a state of stagnation and trading in a narrow range.