The most significant losses are observed in October, November, and December, when the Ethereum price clearly falls from its peak. The loss depth worsens as the price touches new local lows over the period under study. The brief rebounds do reduce losses for a while but do not turn the overall negative positioning around.
There are signs of price stabilization in late November, but unrealized losses still cover the metric. The green profit areas last only briefly before vanishing as the price returns to range-bound trading. This type of price action suggests that during recovery attempts, there would be only limited upside traction.
The chart in December shows Ethereum at a lower price than it was in the summer. Unrealized profits and losses are still negative at the end of the dataset. Will there be a price recovery that can restore unrealized profitability without a resurgence of volatility across the entire market?
Also Read: Crypto Market Update: BitMine Adds 48,049 ETH as Ethereum Trades at $2,937