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Why Ethereum’s road back to $3.7K depends on THIS accumulation metric

AMBCrypto LogoAMBCrypto17h ago

Why Ethereum’s road back to $3.7K depends on THIS accumulation metric - AMBCrypto

Quick Summary:

Ethereum accumulation address holdings have surged since August, outpacing its previous cycles.

This, because investors continue to buy ETH and accumulating addresses are constantly rising.

When more investors raise their holdings, it fuels higher buying pressure, potentially resulting in a supply squeeze.

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Why Ethereum’s road back to $3.7K depends on THIS accumulation metric - AMBCrypto (Picture 1)Why Ethereum’s road back to $3.7K depends on THIS accumulation metric - AMBCrypto (Picture 2)

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Article Details

Author / Journalist: Gladys Makena

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-22 @ 01:00:32 (17 hours ago)

News Timezone: GMT +8:00

News Source URL: ambcrypto.com

Language: English

Article Length: 600 words

Reading Time: 4 minutes read

Sentences: 38 lines

Sentence Length: 16 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © AMBCrypto

News ID: 24578317

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About AMBCrypto

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Main Topics: Crypto

Official Website: ambcrypto.com

Update Frequency: 13 posts per day

Year Established: 2018

Headquarters: United States

News Last Updated: 8 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #103

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The story "Why Ethereum’s road back to $3.7K depends on THIS accumulation metric" has 600 words across 38 sentences, which will take approximately 3 - 5 minutes for the average person to read.

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The story "Why Ethereum’s road back to $3.7K depends on THIS accumulation metric" was covered 17 hours ago by AMBCrypto, a news publisher based in United States.

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AMBCrypto is a fully independent (privately-owned) news outlet established in 2018 that covers mostly crypto news.

The outlet is headquartered in United States and publishes an average of 13 news stories per day.

It's most recent story was published 8 hours ago.

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  • News ID: #24578317
  • URL: https://beamstart.com/news/why-ethereums-road-back-to-17348329378109

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