Ethereum's quest to reach $2,000 encounters obstacles, yet two crucial indicators signal a growing fascination with ETH accumulation and bullish sentiment among traders.
addresses on the network. A glance at the Glassnode chart revealed that these addresses were associated with ETH balances.
As of this writing, the count of non-zero addresses stood at a remarkable 100,242,187, representing an unprecedented peak in their existence.The chart also revealed a consistent upward trend in the daily increase of these addresses, reflecting substantial growth. To put things into perspective, the number of addresses was 98.3 million at the beginning of May and 92.1 million in January.
Increased open interest suggests heightened trading activity and market interest. It indicates that more traders are actively entering new positions or rolling over existing ones in perpetual futures contracts.Despite the less-than-ideal performance of Ethereum, traders were displaying a positive outlook regarding its future movement. The
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