Ethereum price drop doesn’t scare small bag owners

Ethereum (ETH), the world’s second-largest cryptocurrency by market capitalization, is currently trading at a loss, down 3.02% to $ 3161.75. Continuing to change hands well above the $ 3,000 support area, it undoubtedly includes a number of higher and lower levels that could result in an unprecedented price change.

In the last 7-day period, Ethereum recorded a minimum of $ 2900.93 and a maximum of $ 3,329,28. And the upward and downward trend suggests the Sunday is in a healthy balance for both sellers and buyers, and according to available network data, the network will increase the flow of funds from increased funding accounts.

According to glassnode, the number of non-zero addresses on the ethereum blockchain network reached 59 753 415 in 1 month, indicating that both private investors and private investors have recently had positive, motivated positive trends in the ecosystem. The last of these is the EIP 1559 update, which introduces a new cost structure into the blockchain and also transforms its own network token, Ether, into deflationary assets.

# Ethereum $ eth number of non-zero addresses hits 1-month high of 59,753 415

Map view: https: / / T. co / beS1MtIgAZ pic.twitter.com/G4C46RtePg

– glassnode alerts (@glassnodealerts) August 15, 2021

Ethereum handles more than 10 coins
The accumulation of Ethereum by small package owners is also complemented by the increasing number of addresses with more than 10 ETH coins. According to glassnode, this ethereum address class reached 273,056 in 4 months. 

Twitter Source / Glassnode
The accumulation of Ether coins and the gradual rate of burning caused by the EIP 1559 update contribute to the lack of Ethereum coins in circulation, which may affect the price of the asset in particular.

Ethereum Price Forecast
The Daily ETH / USD chart shown on TradingView shows that the price trend is lower than the focus of market bears

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