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Ethereum’s Top Non-Exchange Addresses Add 6.7% More ETH Amid Price Surge

Ethereum's top non-exchange addresses have significantly increased their ETH holdings, while exchange addresses show minimal growth. ETH's price has surged, reaching $1,591.87 with strong weekly gains.
Published on 2022-11-01

Ethereum's Top Non-Exchange Addresses Accumulate 6.7% More ETH

Ethereum's top 10 non-exchange addresses have added 6.7% more ETH to their holdings, now totaling approximately 23.7 million ETH. This accumulation follows a significant drop in holdings leading up to September's Merge. In contrast, exchange addresses have only added 0.2% more ETH, holding around 8.7 million ETH.

ETH Price Surges Above $1,500

ETH is currently trading at $1,591.87, reflecting a 0.56% increase in the last 24 hours. Over the same period, ETH reached a high of $1,630.45 and a low of $1,555.92. The altcoin has gained over 18% in the past week, with its 24-hour trading volume rising by 25% to $18.4 billion.

Strengthening Against Bitcoin

ETH has also strengthened against Bitcoin (BTC) by about 0.20%, further solidifying its position in the market.

This bullish momentum suggests increased investor confidence in Ethereum, driven by strong accumulation patterns and positive price performance.

Disclaimer: The information provided is for educational purposes only and should not be considered as investment advice. Always conduct your own research and consult with a financial advisor before making any investment decisions.

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