Ethereum price went up more than 400% last year, while ETH addresses in profit just reached a 2-year high

As observed by Glassnode, it seems that Ethereum price has been quite profitable for its investors over the past time. At the moment, the number of ETH addresses that are still at a loss (presumably because ETH has not surpassed ATH) has been at its lowest level in the past two years. Meanwhile, the number of profitable ETH addresses has been at its highest level in the past two years.

Ethereum price offers significant returns for investors

According to Glassnode, the number of ETH addresses still at a loss has been at its lowest level in the past two years, hitting 3,598,370,625. Meanwhile, the number of profitable ETH addresses hit a two-year high at 3,625,054,500 – a level that was observed on December 31, 2020.

That is not to mention that ETH is coming to the CME in less than 40 days. This is absolutely massive means the institutions will have a way to get exposure to DeFi & the Ethereum economy this bull cycleFirst they’ll load up. Then they’ll shill their positions on ETH.

Elsewhere, ETH is forecasted in 2021 to outperform BTC. ETH went up more than 400% last year, surpassing the USD 700 level for the first time since 2018. Not only was it a beneficial year price-wise, but the network also saw several testnets – some of which were more successful than others – on its road to the much-promised Ethereum 2.0 (ETH 2.0), culminating in the launch of the deposit contract, followed by the first phase of ETH 2.0, Phase 0, in December.

The biggest differences between Ethereum and Ethereum 2.0 involve the use of the Proof of Stake (PoS) consensus mechanism, shard chains, and the beacon chain….The first phase, or phase 0, will be dedicated to the release of the beacon chain since it’s central to the functionality of shard chains.

The next phase is actually a mix of two phases: phase 1 and phase 1.5. Phase 1 will introduce shard chains, which will allow validators to create blocks on the blockchain through Proof-of-Stake. The final phase will be phase 2, which is when Ethereum 2.0 will support fully formed shards and become the official Ethereum network….Ethereum 2.0 is an important upgrade to the Ethereum network for a number of reasons, especially when it comes to scalability.

You can see the ETH price here.

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