The world’s second-largest cryptocurrency Ethereum (ETH) joins the mega rally in the altcoin space with the ETH price shooting by a staggering 10%. As of press time, ETH is trading 10.36% up at a price of $2113 with a market cap of $254 billion.
ETH Addresses Shoot
The recent Ethereum price rally comes amid a strong accumulation of ETH addresses across all cohorts. On-chain data provider Santiment reported that in the past four weeks, Ethereum has experienced a significant surge in its market value, witnessing a remarkable increase of +38%.
This surge is attributed to substantial growth in the network. Notably, the number of micro addresses holding less than 0.1 ETH has exceeded 100,000 wallets for the first time. Additionally, there is a notable upward movement in the 0.1-10 ETH and 10,000+ ETH tiers.
Courtesy: Santiment
Amid the recent ETH price rally, ETH has managed to overcome a major supply wall at $2,030. As per popular crypto analyst Ali Martinez, the ETH price has not furthe
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