Posted 12/27/2023, 5:27:36 PM
Ethereum Network Activity Surges as Price Nears $2,200; Could Further Growth Be on the Horizon?
- Ethereum network activity (new addresses, active addresses) has surged over the past week
- Majority of Ethereum addresses are currently in profit as price nears $2,200
- More ETH tokens being withdrawn from exchanges than deposited over past 7 days
- Over half of ETH supply is held by retail investors; 35% held by whales
- Article questions whether increased network activity could fuel a future ETH price surge