{"id":645355,"date":"2024-09-29T23:00:31","date_gmt":"2024-09-29T23:00:31","guid":{"rendered":"https:\/\/ktsl888.com\/?p=645355"},"modified":"2024-09-29T21:42:55","modified_gmt":"2024-09-29T21:42:55","slug":"eth-rally-pushes-profitability-to-nearly-70-more-to-come-this-week","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/eth-rally-pushes-profitability-to-nearly-70-more-to-come-this-week\/","title":{"rendered":"ETH Rally Pushes Profitability To Nearly 70%: More To Come This Week?"},"content":{"rendered":"<p><span style=\"font-weight: 400\">Ethereum&#8217;s movement last week was full of mixed signals as Spot Ethereum ETFs started to witness good inflows. Notably, ETH <\/span><a href=\"https:\/\/ktsl888.com\/news\/ethereum\/ethereum-whales-70000-eth\/\" target=\"_blank\" rel=\"noopener \"><span style=\"font-weight: 400\">has been on a rally<\/span><\/a><span style=\"font-weight: 400\"> since the middle of September, reflecting a 25% gain from the September 6 low of $2,171 as it crossed $2,715 on September 27.\u00a0<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/ktsl888.com\/news\/xrp-set-to-soar-nearly-900-to-31-analyst-highlights-key-resistance\/\" target=\"_blank\" rel=\"noopener \">XRP Set To Soar Nearly 900% To $31, Analyst Highlights Key Resistance<\/a><\/div>\n<p><span style=\"font-weight: 400\">This rally and the well-anticipated inflows in Spot Ethereum ETFs <\/span><a href=\"https:\/\/ktsl888.com\/ethereum-news\/ethereum-gains-on-bitcoin-following-fed-rate-cut-altseason-soon\/\" target=\"_blank\" rel=\"noopener \"><span style=\"font-weight: 400\">brought a much-needed breather <\/span><\/a><span style=\"font-weight: 400\">into the Ethereum ecosystem. According to on-chain data, last week&#8217;s price action saw many Ethereum addresses moving into the profitability zone. Particularly, last week&#8217;s rally pushed Ethereum&#8217;s profitability from 59% of addresses to 69%.<\/span><\/p>\n<h2><b>Ethereum Addresses See Much-Needed Profitability<\/b><\/h2>\n<p><span style=\"font-weight: 400\">After enduring weeks of market consolidation and outflows from Spot Ethereum ETFs, Ethereum&#8217;s price began an upward trajectory in the middle of September that has reignited investor interest. According to data shared by on-chain analytics platform IntoTheBlock (ITB), the rally has led to more than two-thirds of Ethereum holders being in profit.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">The key to understanding this development lies in <\/span><a href=\"https:\/\/app.intotheblock.com\/coin\/ETH\/deep-dive?group=financials&amp;chart=inAndOut\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">ITB\u2019s &#8220;In\/Out of the Money&#8221; metric<\/span><\/a><span style=\"font-weight: 400\">, which plays a crucial role in assessing the profitability of cryptocurrency holders. This metric compares the current market price of Ethereum to the purchase prices recorded for addresses that hold the asset. <\/span><\/p>\n<p><span style=\"font-weight: 400\">By doing so, it calculates which holders are in profit, in loss, or at the break-even point (known as &#8220;at the money&#8221;). According to this measure, Ethereum has reached its highest profitability levels in nearly two months, a significant indicator of growing bullish sentiment.<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full\" src=\"https:\/\/www.tradingview.com\/x\/4BUmtSCQ\/\" width=\"2475\" height=\"1163\"><\/p>\n<p><span style=\"font-weight: 400\">The graph below shows that the number of Ethereum addresses in profit reached 85.03 million last week, representing 69.38% of the total Ethereum addresses. At this time, Ethereum was trading at $2,693. Furthermore, the data highlights that at this time, 2.61 million ETH addresses were at the money (neither in loss nor profit), while 34.94 million ETH addresses were in losses.<\/span><\/p>\n<h2><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-645357\" src=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/09\/a_96f0d8.png?resize=605%2C149\" alt=\"\" width=\"605\" height=\"149\" srcset=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/09\/a_96f0d8.png?w=605 605w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/09\/a_96f0d8.png?w=460 460w\" sizes=\"(max-width: 605px) 100vw, 605px\"><b>ETH Profitability To Keep Rising?<\/b><\/h2>\n<p><span style=\"font-weight: 400\">Looking ahead, it is only natural to wonder if the profitability will continue to increase in October. Fortunately, the crypto industry is now reveling in bullish sentiment, especially in light of the recent Fed rate cuts and weakening currencies in some parts of the world.\u00a0<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/ktsl888.com\/news\/stacks-new-network-upgrades-push-stx-price-up-by-18-details\/\" target=\"_blank\" rel=\"noopener \">Stacks: New Network Upgrades Push STX Price Up By 18% \u2013 Details<\/a><\/div>\n<p><a href=\"https:\/\/x.com\/intotheblock\/status\/08485322\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">According to IntoTheBlock&#8217;s<\/span><\/a><span style=\"font-weight: 400\"> social media handle on X, over 80% of ETH volume is now profitable, indicating strong buying support at critical levels. With<\/span><a href=\"https:\/\/ktsl888.com\/news\/ethereum\/ethereum-futures-market-points-to-potential-breakout\/\" target=\"_blank\" rel=\"noopener \"><span style=\"font-weight: 400\"> bullish projections now falling in place<\/span><\/a><span style=\"font-weight: 400\">, we could see many more addresses and ETH easily crossing into profitability next week.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">As Ethereum pushes toward higher price levels, the focus will also turn to key psychological barriers, such as the $3,000 mark. The first step for ETH bulls is to make a <\/span><a href=\"https:\/\/ktsl888.com\/news\/ethereum-analyst-sets-2820-as-eths-next-key-level-to-watch-heres-why\/\" target=\"_blank\" rel=\"noopener \"><span style=\"font-weight: 400\">clean break above $2,700<\/span><\/a><span style=\"font-weight: 400\"> next week. This would set the stage for a successful run to $3,000, bringing even more addresses back into profit.<\/span><\/p>\n<p><em>Featured image from Stormgain, chart from TradingView<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ethereum&#8217;s movement last week was full of mixed signals as Spot Ethereum ETFs started to witness good inflows. Notably, ETH has been on a rally since the middle of September, reflecting a 25% gain from the September 6 low of $2,171 as it crossed $2,715 on September 27.\u00a0 Related Reading: XRP Set To Soar Nearly 900% To $31, Analyst Highlights Key Resistance This rally and the well-anticipated inflows in Spot Ethereum ETFs brought a much-needed breather into the Ethereum ecosystem. According to on-chain data, last week&#8217;s price action saw many Ethereum addresses moving into the profitability zone. Particularly, last week&#8217;s rally pushed Ethereum&#8217;s profitability from 59% of addresses to 69%. Ethereum Addresses See Much-Needed Profitability After enduring weeks of market consolidation and outflows from Spot Ethereum ETFs, Ethereum&#8217;s price began an upward trajectory in the middle of September that has reignited investor interest. According to data shared by on-chain analytics platform IntoTheBlock (ITB), the rally has led to more than two-thirds of Ethereum holders being in profit.\u00a0 The key to understanding this development lies in ITB\u2019s &#8220;In\/Out of the Money&#8221; metric, which plays a crucial role in assessing the profitability of cryptocurrency holders. This metric compares the current market price of Ethereum to the purchase prices recorded for addresses that hold the asset. By doing so, it calculates which holders are in profit, in loss, or at the break-even point (known as &#8220;at the money&#8221;). According to this measure, Ethereum has reached its highest profitability levels in nearly two months, a significant indicator of growing bullish sentiment. The graph below shows that the number of Ethereum addresses in profit reached 85.03 million last week, representing 69.38% of the total Ethereum addresses. At this time, Ethereum was trading at $2,693. Furthermore, the data highlights that at this time, 2.61 million ETH addresses were at the money (neither in loss nor profit), while 34.94 million ETH addresses were in losses. ETH Profitability To Keep Rising? Looking ahead, it is only natural to wonder if the profitability will continue to increase in October. Fortunately, the crypto industry is now reveling in bullish sentiment, especially in light of the recent Fed rate cuts and weakening currencies in some parts of the world.\u00a0 Related Reading: Stacks: New Network Upgrades Push STX Price Up By 18% \u2013 Details According to IntoTheBlock&#8217;s social media handle on X, over 80% of ETH volume is now profitable, indicating strong buying support at critical levels. With bullish projections now falling in place, we could see many more addresses and ETH easily crossing into profitability next week.\u00a0 As Ethereum pushes toward higher price levels, the focus will also turn to key psychological barriers, such as the $3,000 mark. The first step for ETH bulls is to make a clean break above $2,700 next week. This would set the stage for a successful run to $3,000, bringing even more addresses back into profit. Featured image from Stormgain, chart from TradingView<\/p>\n","protected":false},"author":594,"featured_media":645369,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[142,6664,8323,1946],"class_list":["post-645355","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-altcoins","tag-crypto","tag-eth","tag-ethereum"],"acf":[],"yoast_head":"\n<title>ETH Rally Pushes Profitability To Nearly 70%<\/title>\n<meta name=\"description\" content=\"Ethereum&#039;s movement last week was full of mixed signals as Spot Ethereum ETFs started to witness good inflows. Notably, ETH has been on a rally since the\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ktsl888.com\/news\/eth-rally-pushes-profitability-to-nearly-70-more-to-come-this-week\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ETH Rally Pushes Profitability To Nearly 70%\" \/>\n<meta property=\"og:description\" content=\"Ethereum&#039;s movement last week was full of mixed signals as Spot Ethereum ETFs started to witness good inflows. Notably, ETH has been on a rally since the\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ktsl888.com\/news\/eth-rally-pushes-profitability-to-nearly-70-more-to-come-this-week\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsBTC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/newsbtc\" \/>\n<meta property=\"article:published_time\" content=\"2024-09-29T23:00:31+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-09-29T21:42:55+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/09\/a_8360f6.jpg?fit=1600%2C1120\" \/>\n\t<meta property=\"og:image:width\" content=\"1600\" \/>\n\t<meta property=\"og:image:height\" content=\"1120\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Scott Matherson\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@https:\/\/twitter.com\/MathersonScott\" \/>\n<meta name=\"twitter:site\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Scott Matherson\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/ktsl888.com\/news\/eth-rally-pushes-profitability-to-nearly-70-more-to-come-this-week\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/ktsl888.com\/news\/eth-rally-pushes-profitability-to-nearly-70-more-to-come-this-week\/\"},\"author\":{\"name\":\"Scott Matherson\",\"@id\":\"https:\/\/ktsl888.com\/#\/schema\/person\/b728e21249a8147d980445b0ee98f18d\"},\"headline\":\"ETH Rally Pushes Profitability To Nearly 70%: More To Come This Week?\",\"datePublished\":\"2024-09-29T23:00:31+00:00\",\"dateModified\":\"2024-09-29T21:42:55+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/ktsl888.com\/news\/eth-rally-pushes-profitability-to-nearly-70-more-to-come-this-week\/\"},\"wordCount\":487,\"publisher\":{\"@id\":\"https:\/\/ktsl888.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/ktsl888.com\/news\/eth-rally-pushes-profitability-to-nearly-70-more-to-come-this-week\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/09\/a_8360f6.jpg?fit=1600%2C1120\",\"keywords\":[\"altcoins\",\"crypto\",\"ETH\",\"ethereum\"],\"articleSection\":[\"Cryptocurrency Market News\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2024\",\"copyrightHolder\":{\"@id\":\"https:\/\/ktsl888.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/ktsl888.com\/news\/eth-rally-pushes-profitability-to-nearly-70-more-to-come-this-week\/\",\"url\":\"https:\/\/ktsl888.com\/news\/eth-rally-pushes-profitability-to-nearly-70-more-to-come-this-week\/\",\"name\":\"ETH Rally Pushes Profitability To Nearly 70%\",\"isPartOf\":{\"@id\":\"https:\/\/ktsl888.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/ktsl888.com\/news\/eth-rally-pushes-profitability-to-nearly-70-more-to-come-this-week\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/ktsl888.com\/news\/eth-rally-pushes-profitability-to-nearly-70-more-to-come-this-week\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/09\/a_8360f6.jpg?fit=1600%2C1120\",\"datePublished\":\"2024-09-29T23:00:31+00:00\",\"dateModified\":\"2024-09-29T21:42:55+00:00\",\"description\":\"Ethereum's movement last week was full of mixed signals as Spot Ethereum ETFs started to witness good inflows. Notably, ETH has been on a rally since the\",\"breadcrumb\":{\"@id\":\"https:\/\/ktsl888.com\/news\/eth-rally-pushes-profitability-to-nearly-70-more-to-come-this-week\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/ktsl888.com\/news\/eth-rally-pushes-profitability-to-nearly-70-more-to-come-this-week\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ktsl888.com\/news\/eth-rally-pushes-profitability-to-nearly-70-more-to-come-this-week\/#primaryimage\",\"url\":\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/09\/a_8360f6.jpg?fit=1600%2C1120\",\"contentUrl\":\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/09\/a_8360f6.jpg?fit=1600%2C1120\",\"width\":1600,\"height\":1120,\"caption\":\"ETH\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/ktsl888.com\/news\/eth-rally-pushes-profitability-to-nearly-70-more-to-come-this-week\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/ktsl888.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"ETH Rally Pushes Profitability To Nearly 70%: More To Come This Week?\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/ktsl888.com\/#website\",\"url\":\"https:\/\/ktsl888.com\/\",\"name\":\"NewsBTC\",\"description\":\"Bitcoin &amp; Cryptocurrency News Today\",\"publisher\":{\"@id\":\"https:\/\/ktsl888.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/ktsl888.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/ktsl888.com\/#organization\",\"name\":\"NewsBTC\",\"url\":\"https:\/\/ktsl888.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ktsl888.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"contentUrl\":\"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"width\":157,\"height\":46,\"caption\":\"NewsBTC\"},\"image\":{\"@id\":\"https:\/\/ktsl888.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/newsbtc\",\"https:\/\/x.com\/newsbtc\",\"https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/ktsl888.com\/#\/schema\/person\/b728e21249a8147d980445b0ee98f18d\",\"name\":\"Scott Matherson\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ktsl888.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/3d21ae3d2529ce2df4466b61ea80b449?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/3d21ae3d2529ce2df4466b61ea80b449?s=96&d=mm&r=g\",\"caption\":\"Scott Matherson\"},\"description\":\"Scott Matherson is a prominent crypto writer at NewsBTC with a knack for capturing the pulse of the market, covering pivotal shifts, technological advancements, and regulatory changes with precision. Having witnessed the evolving landscape of the crypto world firsthand, Scott is able to dissect complex crypto topics and present them in an accessible and engaging manner. Scott's dedication to clarity and accuracy has made him an indispensable asset, helping to demystify the complex world of cryptocurrency for countless readers. Scott\u2019s experience spans a number of industries outside of crypto including banking and investment. He has brought his vast experience from these industries into crypto, which allows him to understand even the most complex topics and break them down in a way that is easy for readers from all works of life to understand. Scott\u2019s pieces have helped to break down cryptocurrency processes and how they work, as well as the underlying groundbreaking technology that makes them so important to everyday life. With years of experience in the crypto market, Scott began to focus on his true passion: writing. During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others. Scott\u2019s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott\u2019s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry. Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors. In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else. Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies. Scott stands steady in the frontlines of the crypto revolution and is committed to helping to shape a future that promotes the development of technology in an ethical manner that translates to the benefit of all in the society.\",\"sameAs\":[\"https:\/\/x.com\/https:\/\/twitter.com\/MathersonScott\"],\"url\":\"https:\/\/ktsl888.com\/author\/mathersonscott1\/\"}]}<\/script>\n","yoast_head_json":{"title":"ETH Rally Pushes Profitability To Nearly 70%","description":"Ethereum's movement last week was full of mixed signals as Spot Ethereum ETFs started to witness good inflows. Notably, ETH has been on a rally since the","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/ktsl888.com\/news\/eth-rally-pushes-profitability-to-nearly-70-more-to-come-this-week\/","og_locale":"en_US","og_type":"article","og_title":"ETH Rally Pushes Profitability To Nearly 70%","og_description":"Ethereum's movement last week was full of mixed signals as Spot Ethereum ETFs started to witness good inflows. Notably, ETH has been on a rally since the","og_url":"https:\/\/ktsl888.com\/news\/eth-rally-pushes-profitability-to-nearly-70-more-to-come-this-week\/","og_site_name":"NewsBTC","article_publisher":"https:\/\/www.facebook.com\/newsbtc","article_published_time":"2024-09-29T23:00:31+00:00","article_modified_time":"2024-09-29T21:42:55+00:00","og_image":[{"width":1600,"height":1120,"url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/09\/a_8360f6.jpg?fit=1600%2C1120","type":"image\/jpeg"}],"author":"Scott Matherson","twitter_card":"summary_large_image","twitter_creator":"@https:\/\/twitter.com\/MathersonScott","twitter_site":"@newsbtc","twitter_misc":{"Written by":"Scott Matherson","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/ktsl888.com\/news\/eth-rally-pushes-profitability-to-nearly-70-more-to-come-this-week\/#article","isPartOf":{"@id":"https:\/\/ktsl888.com\/news\/eth-rally-pushes-profitability-to-nearly-70-more-to-come-this-week\/"},"author":{"name":"Scott Matherson","@id":"https:\/\/ktsl888.com\/#\/schema\/person\/b728e21249a8147d980445b0ee98f18d"},"headline":"ETH Rally Pushes Profitability To Nearly 70%: More To Come This Week?","datePublished":"2024-09-29T23:00:31+00:00","dateModified":"2024-09-29T21:42:55+00:00","mainEntityOfPage":{"@id":"https:\/\/ktsl888.com\/news\/eth-rally-pushes-profitability-to-nearly-70-more-to-come-this-week\/"},"wordCount":487,"publisher":{"@id":"https:\/\/ktsl888.com\/#organization"},"image":{"@id":"https:\/\/ktsl888.com\/news\/eth-rally-pushes-profitability-to-nearly-70-more-to-come-this-week\/#primaryimage"},"thumbnailUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/09\/a_8360f6.jpg?fit=1600%2C1120","keywords":["altcoins","crypto","ETH","ethereum"],"articleSection":["Cryptocurrency Market News"],"inLanguage":"en-US","copyrightYear":"2024","copyrightHolder":{"@id":"https:\/\/ktsl888.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/ktsl888.com\/news\/eth-rally-pushes-profitability-to-nearly-70-more-to-come-this-week\/","url":"https:\/\/ktsl888.com\/news\/eth-rally-pushes-profitability-to-nearly-70-more-to-come-this-week\/","name":"ETH Rally Pushes Profitability To Nearly 70%","isPartOf":{"@id":"https:\/\/ktsl888.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/ktsl888.com\/news\/eth-rally-pushes-profitability-to-nearly-70-more-to-come-this-week\/#primaryimage"},"image":{"@id":"https:\/\/ktsl888.com\/news\/eth-rally-pushes-profitability-to-nearly-70-more-to-come-this-week\/#primaryimage"},"thumbnailUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/09\/a_8360f6.jpg?fit=1600%2C1120","datePublished":"2024-09-29T23:00:31+00:00","dateModified":"2024-09-29T21:42:55+00:00","description":"Ethereum's movement last week was full of mixed signals as Spot Ethereum ETFs started to witness good inflows. Notably, ETH has been on a rally since the","breadcrumb":{"@id":"https:\/\/ktsl888.com\/news\/eth-rally-pushes-profitability-to-nearly-70-more-to-come-this-week\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/ktsl888.com\/news\/eth-rally-pushes-profitability-to-nearly-70-more-to-come-this-week\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ktsl888.com\/news\/eth-rally-pushes-profitability-to-nearly-70-more-to-come-this-week\/#primaryimage","url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/09\/a_8360f6.jpg?fit=1600%2C1120","contentUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/09\/a_8360f6.jpg?fit=1600%2C1120","width":1600,"height":1120,"caption":"ETH"},{"@type":"BreadcrumbList","@id":"https:\/\/ktsl888.com\/news\/eth-rally-pushes-profitability-to-nearly-70-more-to-come-this-week\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/ktsl888.com\/"},{"@type":"ListItem","position":2,"name":"ETH Rally Pushes Profitability To Nearly 70%: More To Come This Week?"}]},{"@type":"WebSite","@id":"https:\/\/ktsl888.com\/#website","url":"https:\/\/ktsl888.com\/","name":"NewsBTC","description":"Bitcoin &amp; Cryptocurrency News Today","publisher":{"@id":"https:\/\/ktsl888.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/ktsl888.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/ktsl888.com\/#organization","name":"NewsBTC","url":"https:\/\/ktsl888.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ktsl888.com\/#\/schema\/logo\/image\/","url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","contentUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","width":157,"height":46,"caption":"NewsBTC"},"image":{"@id":"https:\/\/ktsl888.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/newsbtc","https:\/\/x.com\/newsbtc","https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw"]},{"@type":"Person","@id":"https:\/\/ktsl888.com\/#\/schema\/person\/b728e21249a8147d980445b0ee98f18d","name":"Scott Matherson","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ktsl888.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/3d21ae3d2529ce2df4466b61ea80b449?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/3d21ae3d2529ce2df4466b61ea80b449?s=96&d=mm&r=g","caption":"Scott Matherson"},"description":"Scott Matherson is a prominent crypto writer at NewsBTC with a knack for capturing the pulse of the market, covering pivotal shifts, technological advancements, and regulatory changes with precision. Having witnessed the evolving landscape of the crypto world firsthand, Scott is able to dissect complex crypto topics and present them in an accessible and engaging manner. Scott's dedication to clarity and accuracy has made him an indispensable asset, helping to demystify the complex world of cryptocurrency for countless readers. Scott\u2019s experience spans a number of industries outside of crypto including banking and investment. He has brought his vast experience from these industries into crypto, which allows him to understand even the most complex topics and break them down in a way that is easy for readers from all works of life to understand. Scott\u2019s pieces have helped to break down cryptocurrency processes and how they work, as well as the underlying groundbreaking technology that makes them so important to everyday life. With years of experience in the crypto market, Scott began to focus on his true passion: writing. During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others. Scott\u2019s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott\u2019s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry. Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors. In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else. Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies. Scott stands steady in the frontlines of the crypto revolution and is committed to helping to shape a future that promotes the development of technology in an ethical manner that translates to the benefit of all in the society.","sameAs":["https:\/\/x.com\/https:\/\/twitter.com\/MathersonScott"],"url":"https:\/\/ktsl888.com\/author\/mathersonscott1\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"ETH Rally Pushes Profitability To Nearly 70%: More To Come This Week?","url":"http:\/\/ktsl888.com\/news\/eth-rally-pushes-profitability-to-nearly-70-more-to-come-this-week\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/ktsl888.com\/news\/eth-rally-pushes-profitability-to-nearly-70-more-to-come-this-week\/"},"thumbnailUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/09\/a_8360f6.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/09\/a_8360f6.jpg?fit=1600%2C1120"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Scott Matherson"}],"creator":["Scott Matherson"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["altcoins","crypto","eth","ethereum"],"dateCreated":"2024-09-29T23:00:31Z","datePublished":"2024-09-29T23:00:31Z","dateModified":"2024-09-29T23:00:31Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"ETH Rally Pushes Profitability To Nearly 70%: More To Come This Week?\",\"url\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/eth-rally-pushes-profitability-to-nearly-70-more-to-come-this-week\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/eth-rally-pushes-profitability-to-nearly-70-more-to-come-this-week\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2024\\\/09\\\/a_8360f6.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2024\\\/09\\\/a_8360f6.jpg?fit=1600%2C1120\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Scott Matherson\"}],\"creator\":[\"Scott Matherson\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"altcoins\",\"crypto\",\"eth\",\"ethereum\"],\"dateCreated\":\"2024-09-29T23:00:31Z\",\"datePublished\":\"2024-09-29T23:00:31Z\",\"dateModified\":\"2024-09-29T23:00:31Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/ktsl888.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/09\/a_8360f6.jpg?fit=1600%2C1120","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/645355"}],"collection":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/users\/594"}],"replies":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/comments?post=645355"}],"version-history":[{"count":6,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/645355\/revisions"}],"predecessor-version":[{"id":645372,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/645355\/revisions\/645372"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media\/645369"}],"wp:attachment":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media?parent=645355"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/categories?post=645355"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/tags?post=645355"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}