According to data from glassnode, addresses holding 32 ETH and above had increased to an all-time high An increase in this metric did not however reflect on the daily active address and 7-day active address metrics In recent weeks and months, the price of Ethereum (ETH) has not been very spectacular. Not just ETH’s low […]
Santiment’s daily active address metric had declined, as seen by a look at it. There were about 382,000 active addresses that could be seen. The total was less than what was seen in July when there were over 500,000 individuals.A review of active addresses throughout the previous week also revealed a decline. About two million active addresses were visible on the chart that was observed.
At the peak of the price movement, the 50 and 200 Moving Averages could be seen. The yellow and blue lines also acted as resistance, given their locations. If ETH can overcome this resistance level, a rise to $2,000 is feasible, given its previous pricing. According to these measures, the present price and the anticipated increase may have been the driving force behind these addresses’ accumulation of ETH. If it can reclaim its April level, ETH investors will see over a 50% increase in the value of their holdings.Subscribe to get it daily in your inbox.
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