Surge in Ethereum [ETH] active deposits spawns hope of $2,000, more inside

PEPE, a new memecoin, has caused a surge in Ethereum active deposits, with traders converting their profits into ETH and potentially driving the price above $2,000.

experienced a noteworthy ascent. It recorded a 6.28% increase in value and concluded its trading activities at a respectable $1,996.96.

The momentum propelled its price to reach a notable milestone, breaching the $2,000 mark. However, as of this writing, ETH has encountered a slight setback, enduring a depreciation of over 4% and trading at approximately $1,912.remained firmly within the $1,900 price range, positioned favorably to reclaim the coveted $2,000 zone. Furthermore, the recent surge in price propelled ETH slightly above the neutral line on the Relative Strength Index .

With its RSI line positioned in a manner suggestive of a modest bull trend, ETH continued to see a positive price move.Crypto Quant’s Exchange NetFlow data insights revealed a clear trend in the Ethereum ecosystem. On 5 May, the data highlighted a significant outflow ofThis trend persisted even as of the press time moment, with the dominant outflow exceeding 3,000 ETH.Specifically, on 5 May, the Exchange NetFlow data indicated an impressive volume of over 320,000 ETH exiting exchanges.

لقد قمنا بتلخيص هذا الخبر حتى تتمكن من قراءته بسرعة. إذا كنت مهتمًا بالأخبار، يمكنك قراءة النص الكامل هنا. اقرأ أكثر:

CryptoAmb /  🏆 22. in CA

المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين

Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.

Ethereum [ETH]: Developers take on this new update after Shapella as traders remain bearishEthereum's development team continues to add new proposals to the network. Despite high development activity and rising prices, traders are not convinced.
اقرأ أكثر »

Ethereum [ETH]: Dipping prices, rising negative sentiments and everything in betweenThe number of active validators on the proof-of-stake network of Ethereum declined considerably after the Shapella upgrade was implemented on 12 April.
اقرأ أكثر »

Can ETH reclaim the $2000 throne as the market enjoys some bullish reliefFollowing the FOMC meeting, ETH did witness some signs of a bullish stride. However, with the ETH whales in selling mode, a bullish narrative remains questionable.
اقرأ أكثر »

Are memecoins behind Ethereum’s [ETH] increased network activity? The data suggests…The median transaction fees on Ethereum surged to its highest point since May 2022, a reflection of growing demand for its ecosystem.
اقرأ أكثر »

Did BNB’s GameFi growth help it outshine Ethereum and SolanaBNB's April month’s achievement seemed to have continued in May as well. Santiment’s data revealed that its daily active addresses were considerably high.
اقرأ أكثر »

How Curve Finance [CRV] fixed its error, redeployed crvUSD stablecoin on EthereumThe DeFi protocol resolved its oversight of a flaw, finally launching the crvUSD stablecoin on the Ethereum Mainnet.
اقرأ أكثر »