Ethereum’s recent bull run and the profits that holders are making. Ethereum price is on an uptrend, gaining around 13% since the uptrend began. Despite a recent minor decline, the overall trend remains bullish. Some Ethereum holders have finally entered profitability, as indicated by the market value/realized value (MVRV) chart. The 180-day MVRV shows that holders in this group are holding more than 1% profit, after being in a loss position for more than three months. The possibility of further upward trends is increased as more holders are now making profits. However, the article also notes that there has been a decline in the number of new daily addresses, suggesting that it is difficult to attract new users amid market highs.