Ethereum Dips To $2,250 As Trader Profit-Taking Hits 3-Week High
Ethereum Ethereum Dips To $2,250 As Trader Profit-Taking Hits 3-Week High On-chain data shows investor realized profits on the Ethereum network have hit their highest level in three weeks alongside the dip in the ETH price. Ethereum Realized Profit/Loss Shot Up Recently According to data from on-chain analytics firm Santiment, the Ethereum Network Realized Profit/Loss has observed a spike recently. This indicator tells us, as its name suggests, the net amount of profit or loss that ETH investors as a whole are realizing through their transactions. The metric works by going through the transfer history of each token being sold on the blockchain to determine the price at which it was moved prior to this. If the previous transaction value was less than the latest selling price for any coin, then the tokens sale is considered to be leading to the realization of some net profit. Similarly, the opposite arrangement points to loss-taking. The exact degree of profit or loss involved in each case is equal to the difference between the two prices. The Network Realized Profit/Loss sums up this profit and loss for all transactions occurring on the network and determines their net value. Now, here is the chart shared by Santiment that shows the trend









