Ethereum (ETH) Surges Past $2,000
As the crypto market experiences a bullish week, Ethereum has emerged as one of the top performers, surpassing the crucial $2,000 price resistance level. The network growth of Ethereum, particularly in micro addresses with less than 0.1 ETH, has propelled its market value by 10% in a single day and over 30% in four weeks, according to data from crypto and blockchain analytics platform Santiment.
Notably, the number of micro Ethereum wallets has exceeded 100,000 for the first time in history, with growth also observed in the 0.1-10 ETH and 10K+ ETH tiers. This surge has led Ethereum to achieve its highest price since May 2022, as indicated by the platform’s chart.
Potential Bullish Trend for ETH
Considering these developments, Ethereum appears to be on a strong bullish trend that could see it reaching a price range between $3,000 and $10,000 by 2024. This prediction aligns with previous insights from the artificial intelligence (AI) tool ChatGPT, which forecasted the asset’s rising institutional adoption.
Hot Take: Ethereum’s Continued Growth
Ethereum’s recent surge past $2,000 reflects its robust network growth and increasing market value. With an expanding number of micro addresses and institutional adoption, the future looks promising for ETH as it aims for higher price milestones in the coming years.
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