Ethereum Holders At All-Time Highs Despite Signs of Price Slump

Ethereum Holders At All-Time Highs Despite Signs of Price Slump

glassnode studio ethereum addresses with non zero balance

The smarts contracts giant continues consolidating within a descending parallel channel that began developing at the beginning of the month. Since then, each time Ethereum rises to the upper boundary of the channel, it pulls down to hit the lower boundary, and from this point, it bounces back up again.

The recent bearish impulse that Ether went through allowed it to reach the bottom of the…

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