GlassnodeAlerts, an automatic alert service project provided by Glassnode, an industry-leading data provider on the chain, reported that the number of mobile Ethereum (ETH) increased significantly 12 to 24 months ago.
According to the article published by Glassnode Alerts today (November 7, 2022), 35185071.976 ETHs moved in the wallet 12 to 24 months ago. In other words, they slept for at least one year.
The last time ETH applied for registration in this category, it will be October 10, 2018. In order to give the foregoing and the following, this appeared when Ethereum was using $230.
To a certain extent, this can be understood as the data signal of confidence of the long-term holders of ETH coins in the decline of the bear market.
It should also be noted that the supply of Ethereum (ETH) has increased: therefore, in terms of the dormant supply market share of Ethereum, the peak in 2018 is more impressive.
From November 4 to 5, the price of ETH soared to the highest level in seven weeks. In the main spot exchange, the company's local maximum turnover exceeded 1660 dollars.
In addition to the overall increase in deferred income tax of cryptocurrency, the soaring price of ETH can also be attributed to Vitalik Buterin's release of the consolidated road map after the system is reinstalled.
However, ETH cannot further expand this trend: at this stage, the second cryptocurrency changes hands at US $1580, dropping 3% within 24 hours.