Ethereum Accumulation Addresses Hit $78B: What’s Next for ETH’s Price?

Quick Summary:

Key spikes on: Nov 11, 2024: $1,100M Nov 21, 2024: $754M Nov 25, 2024: $629M Nov 27, 2024: $883M Dec 4, 2024: $839M These inflows reflect strong buying pressure.pic.twitter.com/OIwWNmRPYB — CryptoQuant.com (@cryptoquant_com) December 10, 2024 Despite the strong ETF demand, Ethereum’s price movements have been less dramatic compared to Bitcoin’s performance in this cycle.

Related Reading: Ethereum Price Faces Pressure: Bulls Tested After Setback Analyzing Trends in Accumulation and ETF Inflows In a series of posts shared on social media platform X, CryptoQuant analysts dissected Ethereum’s key metrics.

Recent data from CryptoQuant has highlighted patterns in accumulation and exchange-traded fund (ETF) inflows, providing a detailed look at Ethereum’s potential trajectory as it underperforms relative to Bitcoin in the current cycle.

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Article Details

Author / Journalist: Samuel Edyme

Category: Crypto

Markets: United Kingdom

Topics: Ethereum Market Ethereum ETHUSDT Ethereum Crypto Altcoin Crypto market

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-11 @ 06:00:55 (2 days ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 454 words

Reading Time: 3 minutes read

Sentences: 85 lines

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Copyright Owner: © NewsBTC

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