40% of circulating ETH now at a loss

Amid Ethereum's continued price weakness, approximately 40% of its circulating supply is now at a loss. BeInCrypto reported, citing on-chain data from Glassnode, that the share of ETH supply in profit has dropped to 59% from around 75% earlier this month. According to CoinMarketCap, ETH is currently trading at $2,970.41, up 1.52%.