recently managed to go above $3.6k mark as it closed last week. During that time, investors’ confidence in the king of altcoins rose sparkly as a key metric hit an all-time high. However, their confidence did not help ETH, as its daily chart turned red.highlighting the fact that ETH took a jump this weekend, rebounding above $3.6K after dropping as much as 25% between 11th and 19th March.
However, the reality turned out to be different as ETH’s price dropped by more than 2.4% in the last 24 hours as it plummeted under $3.6k according to Interestingly, whales had confidence in Ethereum as its supply held by top addresses increased. Nonetheless, Ethereum’s network-to-value ratio registered a sharp uptick.
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