A chart provided by popular analyst firm Glassnode shows that the number of active Ethereum (ETH) addresses is steadily increasing. This was reported by YouTube on the 24th (local time).
There was a parabolic surge, soaring from 518,270 on the 15th to 701,974 on the 21st. A similar surge was last demonstrated in January 2018, according to the Glassnode chart.
On the 22nd, the day after the surge, ETH hit an all-time high of $2,575 on the Bitstamp Exchange.
The price surge was partially triggered by the launch of three Ethereum ETFs released on the Toronto Stock Exchange in Canada on April 20.
However, since then, Ethereum has been on a downtrend and is trading at $2,264 according to CoinMarketCap’s data.
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Author/ Translator: Jamie Kim
Bio: Jamie Kim is a technology journalist. Raised in Hong Kong and always vocal at heart. She aims to share her expertise with the readers at blockreview.net. Kim is a Bitcoin maximalist who believes with unwavering conviction that Bitcoin is the only cryptocurrency – in fact, currency – worth caring about.