Ethereum Struggles as Over Half of Holders Face Losses

Ethereum Holders Suffer Large Losses

Fewer than a third of Ethereum addresses are still profitable, CryptoRank data shows. Bitcoin (BTC) owners are far better off, with 86% in profit. Meanwhile, Bitget Token (BGB) leads with 95% of its holders seeing gains.

ETH’s price has dropped 52.8% over the past year, with consistent declines since December 2024. The crypto market’s downturn has only added pressure, pushing Ethereum to levels last seen in late 2023. Fears of a recession have triggered sell-offs, with major holders, or “whales,” offloading their ETH to avoid losses.

ETFs and Market Sentiment

Ethereum’s decline is also reflected in exchange-traded funds (ETFs). Data from Soso Value shows consistent outflows over the past two weeks. On March 11 alone, ETH ETFs saw net withdrawals of $21.5 million.

Ethereum co-founder Joseph Lubin is not exactly pessimistic, though, even in the current downturn. He claims regulatory changes will make decentralized networks like Ethereum thrive in the long run.

Today, a slight market recovery lifted ETH by 0.12%, bringing it to $1,899. Additionally, Ethereum’s exchange reserves have hit historic lows, indicating reduced selling pressure. If this trend continues, ETH could see a path to recovery.