The variety of ethereum (ETH) pockets addresses holding at the least one wei has simply reached a brand new all-time excessive of 99,355,406, information exhibits. ETH value has remained above $1,800, regardless of uneven markets.
The battle for supremacy between the bulls and bears continues. With the worldwide crypto market capitalization nonetheless method under the $3 trillion mark reached in November 2021, on-chain metrics present robust investor confidence in ethereum.
Per Glassnode, ether (ETH) pockets addresses with non-zero balances have elevated to a brand new all-time excessive (ATH) of 99,355,406, a robust indication that traders are hodling onto their cash for increased positive aspects.
Since hitting an all-time excessive of $4,876 in November 2021, the worth of ether has continued to slip, hitting a low of $881.56 final June. This newest on-chain metric means that even retail traders are holding onto their cash regardless of the dip.
Whereas the variety of ethereum pockets addresses with at the least the smallest unit of ETH (one wei) has elevated, the case is totally different for ether whales, because the variety of diamond palms holding 100+ ETH has hit a six-month low of 46,858.
Although one can’t identify the precise explanation for this decline, it might consequence from elevated staking exercise and portfolio diversification by these whales, amongst different attainable components.
On the time of writing, ethereum is exchanging palms for $1,807.35, representing a 1% decline within the final 24 hours. The value of ethereum is down by 62.96% from its ATH of $4,878.26 reached in Nov. 2021.
Ether has a market capitalization of $217,193,216,738, with a market cap dominance of 18.569%, whereas its 24-hour buying and selling quantity stands at $6,145,561,021, in line with CoinGecko.