• Glassnode alerts recently shared that the number of addresses holding 100+ ETH reached a 4-month low.
• The altcoin leader experienced a 1.57% drop in price over the last 24 hours.
• Technical indicators suggest that there may be a breakout in ETH’s price in the upcoming days.

The blockchain intelligence platform glassnode alerts (@glassnodealerts) tweeted this morning that the number of addresses holding 100 or more Ethereum (ETH) coins has recently reached a 4-month low. According to the tweet, there are currently 47,280 addresses holding 100+ ETH.

At press time, CoinMarketCap shows that the altcoin leader’s price has dropped 1.57% over the last 24 hours. ETH’s weekly performance has also been dragged further into the red by the weak 24-hour performance. As a result, ETH’s weekly price performance currently stands at -8.72%. Meanwhile, ETH’s price stands at $1,932.51 at press time.

ETH’s price broke below the $2,017 support level over the last 36 hours. This comes after the crypto’s price broke below the 9-day EMA line on Wednesday. The sell pressure which caused ETH’s price to drop below the …

The post The Number of Addresses Holding 100+ ETH Is at a 4-Month Low appeared first on Coin Edition.

• Glassnode alerts recently shared that the number of addresses holding 100+ ETH reached a 4-month low.
• The altcoin leader experienced a 1.57% drop in price over the last 24 hours.
• Technical indicators suggest that there may be a breakout in ETH’s price in the upcoming days.

The blockchain intelligence platform glassnode alerts (@glassnodealerts) tweeted this morning that the number of addresses holding 100 or more Ethereum (ETH) coins has recently reached a 4-month low. According to the tweet, there are currently 47,280 addresses holding 100+ ETH.

At press time, CoinMarketCap shows that the altcoin leader’s price has dropped 1.57% over the last 24 hours. ETH’s weekly performance has also been dragged further into the red by the weak 24-hour performance. As a result, ETH’s weekly price performance currently stands at -8.72%. Meanwhile, ETH’s price stands at $1,932.51 at press time.

ETH’s price broke below the $2,017 support level over the last 36 hours. This comes after the crypto’s price broke below the 9-day EMA line on Wednesday. The sell pressure which caused ETH’s price to drop below the …

The post The Number of Addresses Holding 100+ ETH Is at a 4-Month Low appeared first on Coin Edition.