Ethereum Addresses With 32 ETH Or More Rising: On-Chain Data

As the bear market continues, Ethereum – the second-biggest cryptocurrency – continues to struggle. If you look at the data from CoinGecko, the most notable positive change is 4.1% on the bi-weekly timescale.

The red flashing of the longer time scales, however, indicates that ETH has been declining in value since the FTX collapse, and this fact overshadows the shorter time scales.

  • The upswing was triggered by a sudden increase in demand for prime real estate
  • The descending triangle, a…

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