Sunday, January 29, 2023
BTC NOON
  • Home
  • News
  • Bitcoin
  • Ethereum
  • Blockchain
  • Altcoins
  • BNB
  • DeFi
  • NFT
  • Luna Crash
  • Regulation
No Result
View All Result
BTC NOON
No Result
View All Result
Home Ethereum

Ethereum [ETH] notes unprecedented hike, thanks to its…

Artem Bogdanov by Artem Bogdanov
August 10, 2022
in Ethereum
0
Ethereum [ETH] notes unprecedented hike, thanks to its…
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter


The trading session on 8 August was an interesting one for ETH HODLers as the price of the leading altcoin jumped above $1,800 for the first time in two months, data from Santiment revealed.

In the last 30 days, the ETH network has seen over 546,000 active addresses trading the coin daily. Santiment showed this to be the highest rate in the daily active address index that the altcoin registered so far this year.

Fortune has smiled on the leading altcoin

At the beginning of the bull market in July, Ether traded at $1,059. Sharing a close correlation with Bitcoin, the price of ETH surged as the price of the king coin rallied.

During the intraday trading session on 8 August, ETH exchanged hands above the $1,800 price mark, jumping by over 40% in the last month.

Further, the Ethereum Network has seen over 15 billion in daily trading volume over the last 30 days. 

Source: Santiment

Trading at $1,771.66 as of this writing, ETH registered a 2.39% growth in price in the last 24 hours. According to data from CoinMarketCap, trading volume rallied by 69% within the same period. 

RELATED POSTS

Ethereum (ETH) Price Analysis for January 28

Experts Predict March Upgrade & Q4 Hot Spots

On a 4-hour chart, a gradual accumulation of ETH coins was underway at press time. The coin’s Relative Strength Index and Money Flow Index were spotted at 63 and 74, respectively.

Source: TradingView

On-chain analysis

In the last 30 days, wallet addresses holding between 100 to 1,000 ETH coins grew their ETH holdings by 1%.

According to data from Glassnode, addresses on the ETH network holding 1k+ ETH coins just clocked a seven-month high of 6,333.

📈 #Ethereum $ETH Number of Addresses Holding 1k+ Coins just reached a 7-month high of 6,333

View metric:https://t.co/iDNXAbbLRt pic.twitter.com/ZKHGHgRzCZ

— glassnode alerts (@glassnodealerts) August 9, 2022

Further, bigger whales holding between 100,000 to 1,000,000 ETH coins grew their holdings by 6%. However, since 29 July, holders of 1,000,000 to 10,000,000 ETH coins reduced their holdings by 14%.

Source: Santiment

With the last 30 days marked by a jump in the price of the leading altcoin, the 30-day MVRV revealed that many investors have been in profit.

At press time, this stood at +16.36%. Interestingly, the weighted sentiment as of this writing was a negative 0.32.

This showed that some investors still entertained fear even as the general market remained bullish. 

Source: Santiment

Notably, with the Proof of stake merge scheduled to take place in a few weeks, the developmental activity of the Ethereum Network has seen growth in the last 30 days.

Source: Santiment





Source link

Tags: ETHEthereumhikeits..notesunprecedented
ShareTweetPin
Artem Bogdanov

Artem Bogdanov

Related Posts

Ethereum (ETH) Price Analysis for January 28

Ethereum (ETH) Price Analysis for January 28

by Artem Bogdanov
January 29, 2023
0

The weekend has started neutral as some coins are rising while the rates of others are falling. ETH/USD Ethereum (ETH) remains...

Experts Predict March Upgrade & Q4 Hot Spots

Experts Predict March Upgrade & Q4 Hot Spots

by Artem Bogdanov
January 28, 2023
0

According to predictions from industry leaders, Ethereum is poised for growth in 2023. Cobo and F2pool Co-founder Discus Fish have...

Anticipation for Ethereum [ETH] 2.0 rises as metric reaches all-time high

Anticipation for Ethereum [ETH] 2.0 rises as metric reaches all-time high

by Artem Bogdanov
January 28, 2023
0

Ethereum (ETH) total value staked has surpassed 15.9 million. The increase in the value of ETH might be a major...

BTC Hovers Near $23,000 to Start the Weekend – Market Updates Bitcoin News

BTC Hovers Near $23,000 to Start the Weekend – Market Updates Bitcoin News

by Artem Bogdanov
January 28, 2023
0

Bitcoin started the weekend hovering near $23,000, as markets continued to react to personal consumption data in the United States....

Trader Who Accurately Predicted 2023 Bitcoin Burst Updates Forecast on BTC and Ethereum

Trader Who Accurately Predicted 2023 Bitcoin Burst Updates Forecast on BTC and Ethereum

by Artem Bogdanov
January 28, 2023
0

An analyst who correctly called this year’s crypto turnaround and bought Bitcoin and Ethereum in November says his bullish stance...

Next Post
Tornado Cash Sanctions Expose Potential DeFi Achilles’ Heel

Tornado Cash Sanctions Expose Potential DeFi Achilles’ Heel

Exobots GameFi Alpha Lands on BNB Chain

Exobots GameFi Alpha Lands on BNB Chain

RECOMMENDED

Paysafe gets Central Bank of Ireland license for cryptocurrency trading

Paysafe gets Central Bank of Ireland license for cryptocurrency trading

January 29, 2023
The Most Famous NFT Artists Around The World

The Most Famous NFT Artists Around The World

January 29, 2023

MOST VIEWED

  • Donald Trump’s NFT Card Collection Sells Out In Less Than A Day

    Donald Trump’s NFT Card Collection Sells Out In Less Than A Day

    0 shares
    Share 0 Tweet 0
  • Destiny 2: Season of the Seraph Warmind Node locations

    0 shares
    Share 0 Tweet 0
  • How Did Sam Bankman-Fried’s Alameda Research Lose So Much Money?

    0 shares
    Share 0 Tweet 0
  • Project Cedar: Improving Cross-Border Payments With Blockchain Technology

    0 shares
    Share 0 Tweet 0
  • Could USDT Crash Like Luna? Here’s 3 Safe Options

    0 shares
    Share 0 Tweet 0

Recent News

Paysafe gets Central Bank of Ireland license for cryptocurrency trading

Paysafe gets Central Bank of Ireland license for cryptocurrency trading

January 29, 2023
The Most Famous NFT Artists Around The World

The Most Famous NFT Artists Around The World

January 29, 2023
US Lawmaker Outlines Priorities to Regulate Crypto and Make America the Place for Blockchain Innovation – Regulation Bitcoin News

US Lawmaker Outlines Priorities to Regulate Crypto and Make America the Place for Blockchain Innovation – Regulation Bitcoin News

January 29, 2023

Category

  • Altcoin
  • Altcoins
  • Bitcoin
  • Blockchain
  • BNB
  • Business
  • DeFi
  • Ethereum
  • Luna Crash
  • Metaverse
  • News
  • NFT
  • Regulation

Follow Us

Find Via Tags

altcoin Altcoins analyst big Binance Bitcoin Blockchain BNB BTC buy Cardano Chain Coin Crash Crypto Cryptocurrency DeFi Digital dogecoin ETH Ethereum Exchange Eyes Finance FTX heres investors Launches Luna Market Merge News NFT NFTs Platform Prediction Price Protocol Regulation Solana Token Top Trading Week XRP

© 2021 BTC Noon

No Result
View All Result
  • Home
  • News
  • Bitcoin
  • Ethereum
  • Blockchain
  • Altcoins
  • BNB
  • DeFi
  • NFT
  • Luna Crash
  • Regulation

© 2021 BTC Noon