CandleFocus Ethereum network explodes to 4-month high
2024-09-09
Author: Content Editor
The Ethereum network has experienced a significant increase in the growth of crypto wallets, with 126,210 new wallets appearing on September 8. This surge in network growth, which is rare during price drops, could lead to an increase in the price of Ethereum. However, it has been noted that Ethereum whales have been selling or redistributing their holdings, suggesting a bearish sentiment among major investors. Despite this, the price of Ethereum has already started to move in a positive direction, gaining 1.36% in the last 24 hours. Investors should conduct their own research as the crypto market can be volatile.
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