Data shared by Glassnode data aggregator has it that small-sized investors are actively acquiring the second biggest crypto on the market, Ethereum, while 7.6 million ETH last active in 2015-2017 remain unsold.
Meanwhile, Ethereum has recaptured the $2,800 level first time in ten days.
Ethereum supply last moved 7 years ago hits a new high
Glassnode has reported that a three-month high has been reached by the holders of Ethereum supply who last moved their crypto five and seven years ago, i.e. in 2017 and 2015.
This supply now totals 7,666,690.968 ETH – roughly $21,557,791,247.
Small-sized wallets buying ETH aggressively
Glassnode has also reported that smaller investors have been accumulating Ether in portions of 0.01 ETH, 0.1 ETH, 10 ETH and 32 ETH.
Number of wallets holding these amounts of Ethereum have surged to new highs – 0.01+ coins - 21,929,193 ATH, 0.1+ ETH - 6,960,421 ATH, 10 ETH+ – one-year high of 280,792 coins. 32 ETH+ - one-month high of 107,876.
? #Ethereum $ETH Number of Addresses Holding 32+ Coins just reached a 1-month high of 107,876— glassnode alerts (@glassnodealerts) February 28, 2022
Previous 1-month high of 107,860 was observed on 23 February 2022
View metric:https://t.co/rkRWanL3OS pic.twitter.com/4KA8lTQ5Vc
Ethereum recovers, surpassing 2,800
Bitcoin and Ethereum have demonstrated a sharp increase in prices. Bitcoin is back above the $40,000 level, while Ether has recaptured $2,800, rising 8.50 percent on Coinbase – from $2,616 to $2,838.
Besides, Chinese crypto journalist and blogger Colin Wu has reported that over the past hour liquidations in Bitcoin and Ethereum positions have comprised more than $60 million across exchanges.
Stock prices of publicly-traded crypto (and crypto-related) companies such as Coinbase, MicroStrategy, etc, have gone up by 5 to 10 percent.
In the last hour, cryptoc have risen sharply, with Bitcoin breaking through $40,000, Eth breaking through $2,800, with the liquidation amount exceeding $60 million in 1h. U.S. crypto listed companies such as MSTR, Coinbase, and Marathon have also risen by more than 5-10%.— Wu Blockchain (@WuBlockchain) February 28, 2022