Big news about Ethereum (ETH), a type of cryptocurrency! Recently, its price has gone down, making many people who own it lose money. But there's hope! Experts are saying this might actually be good news in the long run.
- Many ETH owners are now losing money because the price dropped.
- Only about 65.5% of all Ethereum is currently worth more than what people paid for it.
- Experts think that because many people have already sold, the price might go back up soon.
| Fact | Number |
|---|---|
| Percent of ETH supply in profit | 65.5% (lowest since October 2, 2024) |
| ETH Price (approx.) | $2600 |
| ETH High in December 2024 | $4016 |
Think of it like this: if lots of kids sell their toys at a low price, then there are fewer toys left, and the price might go up again later!
