Unveiling the Ethereum elite: Top addresses, market cap and price trends

  • 📰 CryptoAmb
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 68%

Nigeria News News

Unveiling the Ethereum elite: Top addresses, market cap and price trends
Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

Unveiling Ethereum's elite addresses – Binance and Grayscale dominate, but their combined wealth pales beside ETH's market cap. Will the bear trend persist?

, Ethereum currently has a circulating supply of over 120 million tokens, with a total supply that matches. As of this writing, the market capitalization of Ethereum exceeded $195 billion.market cap that the combined value of the two leading addresses was significantly smaller in comparison. This observation suggested that any transactions or movements originating from these top addresses would unlikely substantially impact the overall price trend of Ethereum.

Notably, within the current trend, Ethereum struggled to surpass the $1,700 price threshold, and conversely, it managed to stay above the $1,600 mark despite its recent drop.Additionally, a notable observation is that the chart indicates a downward trajectory over the past three days. In light of this decline, Ethereum’s Relative Strength Index line has dipped below 40. This particular RSI reading implies that the prevailing bearish trend in the asset has been gaining strength.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

CryptoAmb /  🏆 22. in NG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines