Connect with us


$ETH: Crypto Analytics Firm Says Ethereum Is ‘Showing Some Serious Bounce Potential’



On Tuesday (29 November 29), crypto analytics startup Santiment, which provides tools that make “powerful OnChain, Social & Financial analysis accessible to anyone”, commented on Ethereum’s recent price action.

Santiment based its prediction on the fact that on 28 November 2022 “Ethereum’s active addresses surged to its highest level in over 6 weeks.”

Then, yesterday (30 November 2022), Santiment said that “Ethereum’s large key addresses have been growing in number since the FTX debacle in early Novembe,” and that “the number of 100 to 100k $ETH addresses is at a 20-month high.”

According to data by TradingView, $ETH is currently (as of 11:28 a.m. UTC on 1 December 2022), trading around $1,278., up around 1% in the past 24-hour period.

Source: TradingView

News Source