The Number Of Ethereum Wallets Holding More Than 1 Coin Hits A New 30-Day High
Following Shanghai’s execution last month, the network has shown that the majority of Ethereum aficionados are still keen to begin staking. The proof is that the number of addresses holding over 1 ETH has hit a new 30-day high. Glassnode data shows that the number of addresses holding more than 1 Ethereum reached 1,750,726, a new one-month high. ETH’s price is currently trading at $1,890. However, a day earlier, the $2000 level was tested again.
Ethereum’s historic Shanghai upgrade, it’s time to examine some of the main staking lessons. With the Shanghai update, Ethereum investors may finally withdraw their assets from the mainnet. Some have been expecting to do so since December 2020, when the staking option was first offered. For over a year, Ethereum pricing has struggled to close above a critical resistance level, and it is now trying to do so again after failing to do so earlier this month. This important psychological threshold is also linked to approximately 24% of the total circulating quantity of ETH, making a breach much more significant. PEPE, a new memecoin, has resulted in an increase in Ethereum active deposits.
Source
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