While $ETH is down almost 50% from the ATH, it could still be considered profitable according to IntoTheBlock
As for the composition of holders by time, Ether remains a long-term asset as the majority of its holders invested long before the most recent bullrun. As the data suggests, more than 59% of all altcoin holders opened their first position one year ago. holders are long-term investors, 35% of them started holding Ethereum less than a year ago, suggesting they most likely entered the asset amid its rise to the most recent all-time high.
Ethereum, in fact, was one of the leaders of the bearish rally on the market by losing approximately half of its value, but due to the mind-blowing price action during the previous year, it still remains profitable for the majority of investors.
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