- Ethereum has broken into the $2,300 price range for the first time in over a year.
- Non-exchange wallets now hold over 54 million ETHs.
Ethereum [ETH] has entered a fresh price range, marking the first shift in over a year. This new range has created an opportunity for a sustained price increase, as shown by the accumulation of various top addresses.
Ethereum’s top addresses display different accumulation patterns
Recent data from Santiment showed different accumulation patterns between top exchange and non-exchange Ethereum addresses in the past few months.
A detailed analysis of the accumulation trend showed that top non-exchange addresses have been piling Ethereum across various price ranges.
Due to this, the volume of ETH held by these addresses has steadily increased. Presently, these non-exchange addresses collectively hold over 54 million ETH.
Source: Santiment
In contrast, the accumulation behavior of top exchange addresses was different. The data showed that these addresses sell their holdings during price rises.
As of this writing, top exchange addresses currently hold around 9 million ETH.
According to Santiment’s chart, the combined holdings of these top addresses represent around 38% of the total Ethereum supply.
This different accumulation pattern could influence the upward movement of ETH prices. The stability of non-exchange addresses showed a lower likelihood of engaging in sell-offs.
In contrast, the profit-driven behavior of exchange addresses showed the likelihood of selling once there was a price increase. The exchange addresses capitalize on price peaks for profit-taking.
Ethereum breaks into new price range
As of the close of trading on the 7th of December, Ethereum marked a notable breakthrough into a new price range, as indicated by its daily timeframe chart.
The chart showed a 5.5% surge in value, culminating in a closing trade at over $2,300. This achievement marked the first instance since June 2022 that Ethereum had reached this particular price level.
Source: TradingView
Read Ethereum’s [ETH] Price Prediction 2023-24
Also, at the time of this update, Ethereum was trading at around $2,370, reflecting a slight increase of less than 1%. Notably, all indicators on the chart showed a positive price trend.
The Relative Strength Index (RSI) stood slightly above 75, residing in the overbought zone at the time of this report.
clomiphene cost where can i buy generic clomid without dr prescription buy clomid tablets where can i buy cheap clomid tablets where can i buy cheap clomiphene no prescription cost of generic clomiphene can i order cheap clomid for sale
I couldn’t hold back commenting. Well written!
This website absolutely has all of the low-down and facts I needed about this participant and didn’t identify who to ask.
zithromax buy online – order flagyl 200mg generic buy flagyl without prescription
order semaglutide 14mg sale – order cyproheptadine 4mg how to buy cyproheptadine
order domperidone 10mg pill – cyclobenzaprine 15mg brand purchase cyclobenzaprine online cheap
buy inderal pills for sale – buy methotrexate 5mg online methotrexate 5mg cost
order amoxicillin online – combivent 100mcg canada ipratropium medication
azithromycin where to buy – order nebivolol 20mg bystolic us
augmentin 375mg brand – https://atbioinfo.com/ ampicillin us
order esomeprazole 40mg generic – anexa mate buy esomeprazole 20mg
buy generic warfarin 2mg – coumamide losartan tablet
cheap mobic – https://moboxsin.com/ order generic mobic 15mg
buy deltasone 20mg – apreplson.com prednisone for sale online
online ed medications – fastedtotake buy ed medication online
buy generic amoxil – https://combamoxi.com/ order amoxicillin
buy fluconazole 100mg pill – https://gpdifluca.com/ buy diflucan 200mg online cheap
buy cenforce medication – https://cenforcers.com/# cenforce 50mg over the counter
buy cialis on line – https://ciltadgn.com/ cialis time
zantac cheap – this buy zantac online cheap
Thanks on putting this up. It’s understandably done. hidradenitis suppurativa doxycycline
do they sale viagra – click buy viagra 50 mg
More posts like this would add up to the online elbow-room more useful. https://ursxdol.com/cenforce-100-200-mg-ed/
Proof blog you have here.. It’s severely to espy high quality writing like yours these days. I justifiably appreciate individuals like you! Withstand guardianship!! https://buyfastonl.com/amoxicillin.html
I am actually happy to coup d’oeil at this blog posts which consists of tons of worthwhile facts, thanks towards providing such data. https://prohnrg.com/product/atenolol-50-mg-online/
More text pieces like this would urge the web better. https://ondactone.com/simvastatin/
This is the kind of topic I get high on reading.
topiramate 200mg for sale
I’ll certainly bring back to review more. https://experthax.com/forum/member.php?action=profile&uid=124578
dapagliflozin cost – forxiga pills forxiga tablet
buy xenical medication – purchase xenical generic buy generic xenical