ETH’s Number of Addresses In Profit Has Reached An 11-Month High

The well-known on-chain analysis firm, Glassnode, took to Twitter earlier today to share some new insights and metrics about the largest altcoin by market cap, Ethereum (ETH). According to the post, ETH’s number of addresses in profit (7d MA), has just reached a new 11-month high of 63,933,355.435.

ETH number of addresses in profit (hourly chart, 7d MA), (Source: Glassnode)

The previous 11-month high stood at 63,912,252.762, and was observed on March 23 of 2023. In addition to this, Glassnode also announced on Twitter this morning that ETH’s number of non-zero addresses has reached a new ATH of 96,039,880.

ETH number of non-zero addresses (Source: Glassnode)

Yesterday was a blue Monday for the crypto market, but today already looks much better, and the same can be said for ETH. CoinMarketCap indicates that ETH is currently trading hands at $1,813.93 after a 3.43% price increase over the last 24 hours. ETH was also able to reach a high of $1,853.89 and a low of $1,746.58 over the same time period.

ETH / Tether US 1D (Source: TradingView)

The altcoin was also able to strengthen against its biggest competitor, Bitcoin (BTC) by about 1.32% over the past day. ETH’s weekly performance is also still looking good as the altcoin is up by more than 4% over the last seven days.

At the moment, ETH’s 24-hour trading volume is in the red zone, and now stands at $10,824,571,720 after a more than 14% decrease since yesterday. In terms of market cap, ETH currently stands at $222,012,423,954.

Disclaimer: The views and opinions, as well as all the information shared in this price analysis, are published in good faith. Readers must do their own research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.



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