Decoding the ‘greed’ for Ethereum but with a pinch of salt

With Ethereum [ETH] standing at the brink of a new dawn with the Shanghai upgrade and a bullish looking crypto market, holders and investors have much to look forward to. In a tweet posted by data intelligence platform Glassnode, ETH’s Market Value to Realized Value (MVRV) reached a 10-month high. As of 5 April, ETH’s […]

As seen in the chart given below, ETH’s social dominance witnessed a surge after what could be seen as a temporary drop on 3 April. Furthermore, the supply of ETH held by top addresses stood at a considerable position. The total number of ETH holders also witnessed a jump in the last 30 days as shown below.

Additionally, the number of active addresses witnessed a surge in the last 24 hours. At press time, this number stood at approximately 475,000. Thus, implying that many wallets were actively sending or receiving ETH in the last 24 hours.In addition to the aforementioned information, ETH’s exchange inflow stood at 13,159 whereas ETH’s exchange outflow stood at 12,001.

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