The world’s second-largest cryptocurrency Ethereum (ETH) has recovered much of its lost ground from the lows of $3,000 last month in March. As of press time, the Ethereum (ETH) price is trading 2.5% up at $3,615 with its market cap of $433 billion.
Ethereum Non-Zero Addresses Hit New All-time High
On-chain data provider Santiment highlights the significant rebound in the Ethereum price over the last weekend. As said, this recovery comes after experiencing a notable dip of -25% between March 11th and 19th.
Notably, the number of Ethereum addresses holding coins has reached an all-time high of 118.23K, indicating growing investor participation. Additionally, the mid-term MVRV (Market Value to Realized Value) ratio has exhibited a subtle bullish signal, hinting at potential positive market sentiment.
Courtesy: Santiment
As reported by CoinGape last week, the Ethereum whale transactions have also been on the rise hinting at a bullish price action going ahead. Another bullish indicator is
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