Crypto News

This trend is reflected in the recent price surge of ETH, which has surpassed its previous all-time high and reached a new peak of over $3,500. Ethereum Addresses Increase: According to Martinez, the number of Ethereum addresses holding 10,000 or more ETH has increased by 7.5% since the beginning of 2021. This is a significant jump, considering that the number had remained relatively stagnant throughout 2020. This indicates a growing interest in ETH among investors and a shift towards long-term accumulation rather than short-term trading. Rise in ETH Price: This increase in accumulation coincides with the recent surge in the price of ETH. In the past month alone, ETH has seen a 50% increase in value, breaking its previous all-time high of $2,000 and reaching a new peak of over $3,500. This price surge has been attributed to a combination of factors, including increased institutional interest and the upcoming Ethereum network upgrade, which is expected to improve the scalability ...