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Why Ethereum displays confidence despite bear market

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The percentage of Ethereum addresses in profit reached a one-month low while ETH 2.0’s value registered a sharp increase.

Buying pressure increased as supply on exchanges declined.

, like most altcoins, witnessed a price correction last week as its value declined by 3%. Due to the decline in price, investors suffered losses.Despite the drop in value, the number of ETH locked has been on the rise for several months. This suggested that investors’ confidence in ETH was high. Is the king of altcoins setting up the stage for the next bull rally?Thanks to the price drop, investors were not making profits at press time.

 

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