New report suggests Ethereum holders, DeFi helping ETH from crashing below $1.7K
Cointelegraph
Published Jun 24, 2021 08:08AM ET
Updated Jun 24, 2021 09:40AM ET
The drop in the price of Ether (ETH) is failing to shake out the long-term holders, while the decentralized finance (DeFi) sector is also providing opportunities for investors.
So suggests a new Glassnode report that noted many long-term Ether holders (>155 days) are sitting atop profits despite ETH/USD’s 55% decline from its peak level above $4,300. In comparison, the short-term Ether holders (
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Written By: Cointelegraph
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