Ethereum’s Positive Trend: An Increase In New Addresses and A Decline In Exchange Supply

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The cryptocurrency community is paying attention to Ethereum, the second-largest cryptocurrency by market capitalization, as it continues to rise in value. Ethereum’s recent advance above $1,800 has been made possible by a significant fall in exchange supply and a surge in new addresses. This suggests that Ethereum may again surpass the $2,000 level. 📈 #Ethereum’s rise above $1,800 has been aided by its largest day of new addresses created since October 7th. If the long-term trend of network growth continues, and exchange supplies continue to drop, $ETH has justification to cross $2,000 once again. https://t.co/SWAC3BVzz8 pic.twitter.com/xRjYUfpkyO — Santiment (@santimentfeed) November

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