As per Santiment’s chart, ETH’s supply on exchanges has dipped substantially while its supply outside of exchanges has risen. Additionally, the supply held by top addresses also increased, further proving the investors were accumulating. Ethereum’s network growth was also relatively high. A high network growth means that more new addresses were created to transfer the token.After several days of sideways price movement, ETH finally excited the community by registering promising gains.
, ETH’s price increased by nearly 6% in the last seven days and over 2% in the last 24 hours. At press time, it was trading at $1,907.53, with a market cap of over $229 billion.also improved, as evident from the spike in its weighted sentiment. Ethereum’s social dominance was also relatively high, reflecting its popularity in the crypto space.
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