ETH Hits $440 2-Year High, While ETH Fundamentals Print New ATHs

As Ethereum has hit a 2 year high, surging above $400, ETH on-fundamentals have also seen new ATHs, as people have been taking their Ether from exchanges to their wallets

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Ethereum has hit a 2-year high of $440 per coin but has reduced to $434 for now, according to the data from CoinMarketCap.

Meanwhile, the platform’s fundamentals regarding ETH wallets have seen new all-time highs, as well as ETH exchange outflow metrics, as reported by Glassnode.

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Number of ETH wallets with large holdings spikes to new ATHs

Glassnode research firm has reported that fundamentals regarding ETH wallets have improved and reached new all-time highs.

Today, the amount of wallets storing 1+ ETH has risen to a new ATH of 1,091,959. The amount of ETH addresses holding 0.01 coins has surged to 8,951,206. This metric has shown a rise by 4,731 from earlier today.

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Users withdrawing ETH from exchanges, $70 mln in ETH wired by whale

More analytics data shared by Glassnode shows that users have been taking their ETH from crypto exchanges – the Glassnode metric regarding this spiked to a 19-month high of $12,092,109.46 today.

On Friday, it reached the highest value in 13-months.

Meanwhile, Whale Alert has detected that a whale transferred a mammoth-sized amount of $70,065,185 in ETH (160,296 coins) from one unregistered address to another.

On Friday, CryptoComes covered a report by DappRadar stating that the total value of ETH locked in DeFi had exceeded a whopping $5 bln and that was a likely factor to drive ETH to the new ATH on crypto exchanges.

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Yuri Molchan

Yuri entered the crypto sphere at the BTC price peak in 2017, quickly turning into a crypto enthusiast. He has written for several media, covering everything from TA to ICOs and crypto regulations. Presently is a news writer, working with crypto and blockchain-related topics.