Ethereum HODLers surpass 87 million: $1500 next stop for ETH?
Despite being in a bear market, Ethereum adoption continues to grow. On Thursday, the number of addresses HODLing the asset crossed the 87 million mark, justifying the said narrative. JUST IN: The number of addresses holding $ETH surpasses 87 million. — Watcher.Guru (@WatcherGuru) October 6, 2022 As illustrated below, the number of non-zero addresses noted slightly deviated from their uptrend in mid-2021. However, it was quick to get back on track and continue rising, even with the asset not faring well on the price front . Source: Glassnode Alongside the rise in the number of non-zero addresses, the number of active addresses has also been on the rise. Per data from ITB, the said metric has noted an incline of 6.2% over the past week, indicating the rise in direct participation by users. Ethereum Price Front Despite the rise in the number of ETH HODLers and active participants, the trading crowd has been steering away from the largest altcoin of late. As ...