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Ethereum sees some whale and retail demand, but here’s the issue
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The Ethereum network’s next major upgrade dubbed Shanghai is less than a month away. Major network upgrades usually attract some investor interest days before the actual date of the event. Now, the question is- Will the same scenario play out for ETH?
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Recent data reveals that ETH is experiencing noteworthy demand, especially from retail investors. There are currently over 23.3 million addresses holding at least 0.01 ETH and those addresses are currently at an 8-month high.
This confirms that retail buyers have been accumulating, perhaps in anticipation of some upside as the Shanghai countdown narrows.
<p lang=«en» dir=«ltr» xml:lang=«en»> Read more on ambcrypto.comAbout this in other media
Ethereum Surges Above $2,100 Amid Bullish Post-Shapella Upgrade Supply Dynamics – Where Next for the ETH Price? cryptonews.com /1 year ago
Ethereum: Decoding Shapella Upgrade stats and its technical details ambcrypto.com /1 year ago
Can Ethereum crack $2K? ETH price inches closer despite new unlocked supply cointelegraph.com /1 year ago
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