{"id":275154,"date":"2024-04-01T10:23:01","date_gmt":"2024-04-01T04:53:01","guid":{"rendered":"https:\/\/dripp.zone\/news\/ethereum-non-zero-addresses-hit-ath-will-eth-price-follow-crypto-news\/"},"modified":"2024-04-01T10:23:04","modified_gmt":"2024-04-01T04:53:04","slug":"ethereum-non-zero-addresses-hit-ath-will-eth-price-follow-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/ethereum-non-zero-addresses-hit-ath-will-eth-price-follow-crypto-news\/","title":{"rendered":"Ethereum Non-Zero Addresses Hit ATH, Will ETH Price Follow? &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div>\n<p>The world\u2019s second-largest cryptocurrency Ethereum (ETH) has recovered much of its lost ground from the lows of $3,000 last month in March. As of press time, the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/price\/ethereum\/\">Ethereum (ETH) price<\/a> is trading 2.5% up at $3,615 with its market cap of $433 billion.<\/p>\n<h3>Ethereum Non-Zero Addresses Hit New All-time High<\/h3>\n<p>On-chain data provider Santiment highlights the significant rebound in the Ethereum price over the last weekend. As said, this recovery comes after experiencing a notable dip of -25% between March 11th and 19th.<\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.80 --><\/p>\n<p>Notably, the number of Ethereum addresses holding coins has reached an all-time high of 118.23K, indicating growing investor participation. Additionally, the mid-term MVRV (Market Value to Realized Value) ratio has exhibited a subtle bullish signal, hinting at potential positive market sentiment.<\/p>\n<figure id=\"attachment_188932\" aria-describedby=\"caption-attachment-188932\" style=\"width: 2593px\" class=\"wp-caption aligncenter\"><noscript><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-188932\" src=\"https:\/\/coingape.com\/wp-content\/uploads\/2024\/04\/Ethereum-Non-zero-wallets.jpeg\" alt=\"\" width=\"2593\" height=\"1746\" srcset=\"https:\/\/coingape.com\/wp-content\/uploads\/2024\/04\/Ethereum-Non-zero-wallets.jpeg 2593w, https:\/\/coingape.com\/wp-content\/uploads\/2024\/04\/Ethereum-Non-zero-wallets-300x202.jpeg 300w, https:\/\/coingape.com\/wp-content\/uploads\/2024\/04\/Ethereum-Non-zero-wallets-1224x824.jpeg 1224w, https:\/\/coingape.com\/wp-content\/uploads\/2024\/04\/Ethereum-Non-zero-wallets-768x517.jpeg 768w, https:\/\/coingape.com\/wp-content\/uploads\/2024\/04\/Ethereum-Non-zero-wallets-1536x1034.jpeg 1536w, https:\/\/coingape.com\/wp-content\/uploads\/2024\/04\/Ethereum-Non-zero-wallets-2048x1379.jpeg 2048w, https:\/\/coingape.com\/wp-content\/uploads\/2024\/04\/Ethereum-Non-zero-wallets-150x101.jpeg 150w, https:\/\/coingape.com\/wp-content\/uploads\/2024\/04\/Ethereum-Non-zero-wallets-272x182.jpeg 272w\" sizes=\"auto, (max-width: 2593px) 100vw, 2593px\"\/><\/noscript><figcaption id=\"caption-attachment-188932\" class=\"wp-caption-text\">Courtesy: <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/santimentfeed\/status\/1774339066022260969\">Santiment<\/a><\/figcaption><\/figure>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.80 --><\/p>\n<p>As reported by CoinGape last week, the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/surging-ethereum-whale-transactions-hint-at-upcoming-eth-price-rally\/\">Ethereum whale transactions<\/a> have also been on the rise hinting at a bullish price action going ahead. Another bullish indicator is that a large portion of the Ethereum supply has been moving off exchanges with ETH exchange reserves hitting new lows.<\/p>\n<p>As per the data from Glassnode, approximately 11% of the total supply of Ethereum (ETH) was accessible for active trading, marking a decrease from 15.8% recorded at the same period last year. This trend has persisted into 2024, despite a significant 57% surge in ETH\u2019s value year-to-date (YTD). Should this downward trend persist, the scarcity of available supply could intensify even further.<\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.80 --><\/p>\n<figure id=\"attachment_188933\" aria-describedby=\"caption-attachment-188933\" style=\"width: 1800px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-188933\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" alt=\"\" width=\"1800\" height=\"1013\" data-lazy-srcset=\"https:\/\/coingape.com\/wp-content\/uploads\/2024\/04\/Ethereum-ETF-Exchange-Reserves.png 1800w, https:\/\/coingape.com\/wp-content\/uploads\/2024\/04\/Ethereum-ETF-Exchange-Reserves-300x169.png 300w, https:\/\/coingape.com\/wp-content\/uploads\/2024\/04\/Ethereum-ETF-Exchange-Reserves-1224x689.png 1224w, https:\/\/coingape.com\/wp-content\/uploads\/2024\/04\/Ethereum-ETF-Exchange-Reserves-768x432.png 768w, https:\/\/coingape.com\/wp-content\/uploads\/2024\/04\/Ethereum-ETF-Exchange-Reserves-1536x864.png 1536w, https:\/\/coingape.com\/wp-content\/uploads\/2024\/04\/Ethereum-ETF-Exchange-Reserves-678x381.png 678w, https:\/\/coingape.com\/wp-content\/uploads\/2024\/04\/Ethereum-ETF-Exchange-Reserves-150x84.png 150w\" data-lazy-sizes=\"(max-width: 1800px) 100vw, 1800px\" data-lazy-src=\"https:\/\/coingape.com\/wp-content\/uploads\/2024\/04\/Ethereum-ETF-Exchange-Reserves.png\"\/><noscript><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-188933\" src=\"https:\/\/coingape.com\/wp-content\/uploads\/2024\/04\/Ethereum-ETF-Exchange-Reserves.png\" alt=\"\" width=\"1800\" height=\"1013\" srcset=\"https:\/\/coingape.com\/wp-content\/uploads\/2024\/04\/Ethereum-ETF-Exchange-Reserves.png 1800w, https:\/\/coingape.com\/wp-content\/uploads\/2024\/04\/Ethereum-ETF-Exchange-Reserves-300x169.png 300w, https:\/\/coingape.com\/wp-content\/uploads\/2024\/04\/Ethereum-ETF-Exchange-Reserves-1224x689.png 1224w, https:\/\/coingape.com\/wp-content\/uploads\/2024\/04\/Ethereum-ETF-Exchange-Reserves-768x432.png 768w, https:\/\/coingape.com\/wp-content\/uploads\/2024\/04\/Ethereum-ETF-Exchange-Reserves-1536x864.png 1536w, https:\/\/coingape.com\/wp-content\/uploads\/2024\/04\/Ethereum-ETF-Exchange-Reserves-678x381.png 678w, https:\/\/coingape.com\/wp-content\/uploads\/2024\/04\/Ethereum-ETF-Exchange-Reserves-150x84.png 150w\" sizes=\"auto, (max-width: 1800px) 100vw, 1800px\"\/><\/noscript><figcaption id=\"caption-attachment-188933\" class=\"wp-caption-text\">Courtesy: Glassnode<\/figcaption><\/figure>\n<h3>ETH Price Action<\/h3>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.80 --><\/p>\n<p>Ethereum continues to maintain its position above the $3,550 mark, supported by the 100-hourly Simple Moving Average. A crucial bullish trend line is also taking shape, with a support level forming around $3,550 on the hourly chart of ETH\/USD. This trend line closely aligns with the 61.8% Fibonacci retracement level, calculated from the recent upward movement between the $3,491 swing low and the $3,654 high.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-188934\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" alt=\"\" width=\"1024\" height=\"461\" data-lazy-srcset=\"https:\/\/coingape.com\/wp-content\/uploads\/2024\/04\/Ethereum-ETH-Price-Action.webp 1024w, https:\/\/coingape.com\/wp-content\/uploads\/2024\/04\/Ethereum-ETH-Price-Action-300x135.webp 300w, https:\/\/coingape.com\/wp-content\/uploads\/2024\/04\/Ethereum-ETH-Price-Action-768x346.webp 768w, https:\/\/coingape.com\/wp-content\/uploads\/2024\/04\/Ethereum-ETH-Price-Action-150x68.webp 150w\" data-lazy-sizes=\"(max-width: 1024px) 100vw, 1024px\" data-lazy-src=\"https:\/\/coingape.com\/wp-content\/uploads\/2024\/04\/Ethereum-ETH-Price-Action.webp\"\/><noscript><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-188934\" src=\"https:\/\/coingape.com\/wp-content\/uploads\/2024\/04\/Ethereum-ETH-Price-Action.webp\" alt=\"\" width=\"1024\" height=\"461\" srcset=\"https:\/\/coingape.com\/wp-content\/uploads\/2024\/04\/Ethereum-ETH-Price-Action.webp 1024w, https:\/\/coingape.com\/wp-content\/uploads\/2024\/04\/Ethereum-ETH-Price-Action-300x135.webp 300w, https:\/\/coingape.com\/wp-content\/uploads\/2024\/04\/Ethereum-ETH-Price-Action-768x346.webp 768w, https:\/\/coingape.com\/wp-content\/uploads\/2024\/04\/Ethereum-ETH-Price-Action-150x68.webp 150w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><\/noscript><\/p>\n<p>Looking ahead, immediate resistance is anticipated near the $3,630 level, followed by a more significant barrier near $3,650. Further upward momentum could encounter resistance at $3,680, a pivotal level that might propel Ether towards the $3,800 mark. If this resistance is surpassed, Ethereum could aim for the $3,880 resistance level. A sustained uptrend may even propel the price towards the significant <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/markets\/ethereum-price-prediction-as-end-of-correction-to-gain-regain-4000\/\">$4,000 milestone<\/a>.<\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.80 --><\/p>\n<div class=\"m-on mobiless\">\n<div id=\"social-section-new\">\n<p>\u2713 Share:<\/p>\n<p>                                  <a rel=\"nofollow noopener\" target=\"_blank\" class=\"social-text_new wp_new\" href=\"https:\/\/api.whatsapp.com\/send?text=https:\/\/coingape.com\/ethereum-non-zero-addresses-hit-ath-will-eth-price-follow\/\" style=\"display: block\">  <i class=\"fa fa-whatsapp\"\/><\/a><\/p>\n<div>\n                                <a rel=\"nofollow noopener\" target=\"_blank\" class=\"social-text_new tw_new_logo\" href=\"https:\/\/twitter.com\/intent\/tweet?text=https:\/\/coingape.com\/ethereum-non-zero-addresses-hit-ath-will-eth-price-follow\/\"><br \/>\n  <img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/08\/14164721\/x-logo.png\" class=\"mb-1\" alt=\"coingape\" width=\"30\" height=\"30\"\/><br \/>\n<\/a>\n                                <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p>          <!-- \n\n<div class=\"m-on pl-2 pr-2\">\n            \n\n<div class=\"row\">\n            \n\n<div class=\"col-6 pr-2\">\n         \n\n<div class=\"Borderboxies_2 mb-3  fullmobx\">\n             \n            <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/top-7-crypto-marketing-firms-of-the-year\/?utm_source=abovesidebartabnews&utm_medium=organicarticle\">\n            \n\n<div class=\"SponserdyWebimg_2\"><img loading=\"lazy\" width=\"834\" height=\"833\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2022\/12\/15175104\/top_crypto_marketing_agencies.jpg\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" decoding=\"async\" ><\/div>\n\n\n                \n\n<div class=\"Sponserdtent_2 mt-2\">Top Crypto Marketing Firms \/ Agencies 2023; Here\u2019s Best Picks [Updated]\n <\/div>\n\n\n            <\/a>\n          \n            <\/div>\n\n\n            <\/div>\n\n\n                  \n\n<div class=\"col-6 pl-2\">\n                 \n\n<div class=\"Borderboxies_2 mb-3  fullmobx\">\n             \n            <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/top-10-web-3-games-to-explore-in-2023-here-list\/?utm_source=priceanalysisbar&utm_medium=organicarticle\">\n            \n\n<div class=\"SponserdyWebimg_2\"><img loading=\"lazy\" width=\"834\" height=\"833\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2022\/12\/23134356\/jpg_20221223_134223_0000.jpg\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" decoding=\"async\" ><\/div>\n\n\n                \n\n<div class=\"Sponserdtent_2 mt-2\">Top 10 Web3 Games To Explore In 2023; Here List\n <\/div>\n\n\n            <\/a>\n          \n            <\/div>\n\n\n            <\/div>\n\n\n                <\/div>\n\n\n        <\/div>\n\n                    --><\/p>\n<div class=\"TabDicA\">\n<div class=\"TBAcon \">\n<div class=\"authorFlip tabcS\" id=\"TabA188930\">\n<div class=\"authorBox\">\n<div class=\"author_Name\">\n<!--\n                                      \n\n<div class=\"getAuthoname\">\n                                          \n                                                                                 \n                                       <\/div>\n\n \n--><\/p>\n<p>Bhushan is a FinTech enthusiast and holds a good flair in understanding financial markets. His interest in economics and finance draw his attention towards the new emerging Blockchain Technology and Cryptocurrency markets. He is continuously in a learning process and keeps himself motivated by sharing his acquired knowledge. In free time he reads thriller fictions novels and sometimes explore his culinary skills.                         <\/p>\n<\/p><\/div>\n<div class=\"author_Image\">\n                                             <img loading=\"lazy\" alt=\"\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" data-lazy-srcset=\"https:\/\/secure.gravatar.com\/avatar\/6d622b7613c3c79c72d94a2e7cffa3b2?s=400&#038;d=mm&#038;r=g 2x\" class=\"avatar avatar-200 photo\" height=\"200\" width=\"200\" decoding=\"async\" data-lazy-src=\"https:\/\/secure.gravatar.com\/avatar\/6d622b7613c3c79c72d94a2e7cffa3b2?s=200&#038;d=mm&#038;r=g\"\/><noscript><img loading=\"lazy\" alt=\"\" src=\"https:\/\/secure.gravatar.com\/avatar\/6d622b7613c3c79c72d94a2e7cffa3b2?s=200&#038;d=mm&#038;r=g\" srcset=\"https:\/\/secure.gravatar.com\/avatar\/6d622b7613c3c79c72d94a2e7cffa3b2?s=400&#038;d=mm&#038;r=g 2x\" class=\"avatar avatar-200 photo\" height=\"200\" width=\"200\" decoding=\"async\"\/><\/noscript>                                       <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"TabDesCm tabcS\" id=\"TabD188930\">\n<p>  The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. 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decoding=\"async\" srcset=\"https:\/\/coingape.com\/wp-content\/uploads\/2023\/01\/cropped-shutterstock_1958528764_10.jpg 640w, https:\/\/coingape.com\/wp-content\/uploads\/2023\/01\/cropped-shutterstock_1958528764_10-225x300.jpg 225w, https:\/\/coingape.com\/wp-content\/uploads\/2023\/01\/cropped-shutterstock_1958528764_10-150x200.jpg 150w\" sizes=\"auto, (max-width: 640px) 100vw, 640px\" \/><\/div>\n\n\n                \n\n<div class=\"Educontent\">5 Reasons behind Mega Bank\u2019s 2024 Ethereum Price Prediction <\/div>\n\n\n            <\/a>\n            <\/div>\n\n\n        <\/div>\n\n\n        <\/div>\n\n\n          \n          \n  \n     \n                              \n          <\/div>\n\n\n    \n          \n \n    \n            \n    <\/div>\n\n        --><\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The world\u2019s second-largest cryptocurrency Ethereum (ETH) has recovered much of its lost ground from the lows of $3,000 last month in March. As of press time, the Ethereum (ETH) price is trading 2.5% up at $3,615 with its market cap of $433 billion. Ethereum Non-Zero Addresses Hit New All-time High On-chain data provider Santiment highlights [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":273473,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[188,183,185,186,187,184,189,150,182,190],"class_list":["post-275154","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology","tag-blockchain-tech","tag-blockchain-technology","tag-crypto-technology","tag-cryptocurrency-technology","tag-metaverse-technology","tag-nft-technology","tag-soul-bound-token","tag-tech","tag-technology","tag-token-technology"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/275154","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=275154"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/275154\/revisions"}],"predecessor-version":[{"id":275155,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/275154\/revisions\/275155"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/273473"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=275154"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=275154"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=275154"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}