Surging Altcoin Demand Triggering Ethereum Price Growth?

Surging Altcoin Demand Triggering Ethereum Price Growth?

1
Ethereum price showed remarkable growth in November and crossed the $2000 resistance mark.
2
When writing, Ethereum was trading at $2,073 with a monthly surge of 15.20%.
3
In the 52-week time frame, ETH’s highest traded price was $2140.8. 
Ethereum’s price has shown a tremendous surge in the past few weeks and crossed a much-awaited resistance of $2k on November 24, 2023. 
As per Santiment’s data, the price rally was fueled by the surge in the trading demand of leading altcoins in the November 23 trading session. Its data also states that the number of new addresses trading on ETH rose by 17% till November 23. 
When writing, Ethereum was trading at $2,073 with a monthly surge of 15.20%, and most importantly, its market capitalization also showed a significant surge in momentum.
In the 52-week time frame, ETH traded highest at $2140.8, and its lowest trading price was $1149.4. It traded above 20,50,100, and the 200-day exponenti

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