Data shows that Ethereum has been profitable for six consecutive quarters. Can it continue in the next quarter?

Ethereum’s exchange volume has decreased by 30% in the past 24 hours, reinforcing the scarcity of Ethereum. Both in the short and long term, the sentiment seems to be full of bullishness for Ethereum.
After Ethereum spot supply and balances on exchanges declined over the past few weeks, Ethereum is trading above $2,433, with large holders reducing their share to 41%.
For Doge and Link, large holders have concentrated on driving price increases, while in the case of Ethereum, retail traders are even more important.
At current price levels, Ethereum holders are profitable, but the overall on-chain market sentiment is bearish. Over the past week, the Ethereum ecosystem has recorded $199.75 billion in transaction volume, with overall market growth positive.

The current market news has a largely positive impact on Ethereum prices. Ethereum’s July update is expected to increase its demand. Data based on skew shows that Ethereum’s quarterly returns have been positive in the past six quarters.

Given the current trading volumes on spot and derivatives exchanges, Ethereum’s returns over the next quarter are likely to be largely positive.
Ethereum has taken a backseat to the debate with Bitcoin that it had a few years ago, with discussions on these issues gradually becoming more prominent topics due to the increasing importance of Layer 2 scaling solutions and top DeFi projects in network activity and exchanges.
Ethereum’s profitability depends largely on its ability to resist selling pressure when the concentration of large holders decreases.
So far, the price has remained above the $2,400 level, except for the dip over the weekend. Volatility and market volume are directly proportional to price, and an increase in social media mentions is driving profitability for Ethereum holders.

According to the above chart, the consolidation of Ethereum has begun, and the holding addresses after this consolidation and selling phase range from holding 10 ETH to 1000 ETH, and the size of the configuration address ranges from 10000 ETH to 100,000 ETH.
We can see that large holders are accumulating Ethereum, while relatively small holders are selling. This does not include smart contract addresses, and this activity also supports the argument that Ethereum will continue to be profitable in the next quarter. (Blockchain Knight)