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Here’s why data regarding Ethereum’s investor composition may be extremely bullish Here’s why data regarding Ethereum’s investor composition may be extremely bullish

Here’s why data regarding Ethereum’s investor composition may be extremely bullish

with insights from IntoTheBlock

The past few years have not been kind to Ethereum, with the cryptocurrency finding itself caught within an intense downtrend that led it to plummet from early-2018 highs of over $1,400 to lows in the $80 region.

Here’s why data regarding Ethereum’s investor composition may be extremely bullish

Cover art/illustration via CryptoSlate

The past few years have not been kind to Ethereum, with the cryptocurrency finding itself caught within an intense downtrend that led it to plummet from early-2018 highs of over $1,400 to lows in the $80 region.

This intense selloff has left a trail of proverbial “bag holders” in its wake, with the vast majority of ETH investors currently being underwater on their positions.

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