The Daily Hodl
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Binance Coin (BNB)
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
  • EMAIL ALERTS
  • DAILY HODL MIX
No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Binance Coin (BNB)
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
  • EMAIL ALERTS
  • DAILY HODL MIX
No Result
View All Result
The Daily Hodl
No Result
View All Result

On-Chain Ethereum Metric Flashing Bullish Signal, According to Crypto Insights Firm Santiment

by Daily Hodl Staff
December 1, 2022
in Bitcoin, Ethereum, Trading

Leading analytics firm Santiment says that a key metric is flashing a bullish signal for Ethereum (ETH) amid a persistent crypto bear market.

According to Santiment, Ethereum is flashing signs for a big rally after a surge in address activity, an on-chain metric that tracks the number of distinct ETH addresses that participated in a transfer on any given day.

“Ethereum’s active addresses surged to its highest level in over six weeks yesterday, and that likely factored into today’s price growth. On October 15th, the last time addresses spiked at this level, the price of ETH jumped +30% over the next three weeks.”

Image
Source: Santiment/Twitter

Santiment also says the number of Ethereum whales and sharks, or entities holding between 100 to 100,000 ETH, are increasing since the high-profile implosion of FTX in early November.

“Ethereum’s large key addresses have been growing in number since the FTX debacle in early November. Pictured are the key moments where shark and whale addresses have accumulated and dumped. The number of 100 to 100,000 ETH addresses is at a 20-month high.”

Image
Source: Santiment/Twitter

At time of writing, Ethereum is changing hands at $1,288.

Santiment is also keeping a close eye on Bitcoin’s (BTC) social dominance, a metric that tracks the share of the king crypto’s discussions in digital asset media. According to the insights firm, BTC’s social dominance is currently below average, indicating that the recent strength in the broader crypto markets is likely unsustainable.

“Bitcoin’s social dominance remains low, as traders are seemingly disinterested in crypto’s number one while altcoins have had more movement these past couple weeks. One of the primary ingredients for ALL prices to surge is a high BTC social dominance. “

Image
Source: Santiment/Twitter

At time of writing, Bitcoin is swapping hands for $17,154.

Don't Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox

Check Price Action

Follow us on Twitter, Facebook and Telegram

Surf The Daily Hodl Mix

Check Latest News Headlines


 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/Mia Stendal

Submit a Press Release

Industry Announcements

  • Yesports Launches the Largest Esports Marketplace for Gaming Expansion Into Web3 Alongside 40+ Partners
    March 21, 2023
  • Metatime Raises $11M in Private Funding To Enhance Web 3.0 Ecosystem
    March 21, 2023
  • Coinfest Asia Is Back in 2023 Carrying the Theme of Web 2.5
    March 20, 2023
  • Poolz Security Incident Prompts Rapid Response and Platform Restructuring
    March 16, 2023
  • Sovryn Introduces Decentralized Bitcoin-Backed Sovryn Dollar To Combat Centralized Stablecoins
    March 16, 2023
  • Partnership Announcement – Oraichain x DoraHacks
    March 16, 2023
  • Wemade Announces Partnership With Space and Time To Power Blockchain and Gaming Services
    March 15, 2023
Submit a Guest Post
ADVERTISEMENT
Bitcoin
$28,313.59
$28,313.59
1.37%
Ethereum
$1,809.68
$1,809.68
3.14%
Cardano
$0.384078
$0.384078
13.18%
XRP
$0.466997
$0.466997
20.06%
Dogecoin
$0.076308
$0.076308
5.59%

Spotlight

  • Bitcoin Critic Nouriel Roubini Blasts BTC Amid US Banking Crisis, Says Crypto House of Cards Is Collapsing
    March 15, 2023
  • Bitcoin (BTC) Primed for Over 270% Explosion, Predicts Messari CEO Ryan Selkis – Here’s the Timeline
    March 17, 2023
  • Bloomberg Analyst Says Bitcoin (BTC) Undergoing Fundamental Paradigm Shift as US Banking System Faulters
    March 20, 2023
  • Trader Who Nailed Crypto Bottom Says Bitcoin and Ethereum Primed for Massive Rally Following Strong Weekly Close
    March 14, 2023
NBX Warsaw Summit Banner
DON'T MISS A BEAT
Crypto headlines delivered daily
to your inbox
BTC, ETH, XRP news alert options
By joining The Daily Hodl news list you agree to our
Terms and Conditions and Privacy Policy.
Featured Image: Shutterstock/Billion Photos

Cryptocurrency news and analysis, covering Bitcoin, Ethereum, Ripple, XRP, altcoins and blockchain technology

Categories

Bitcoin • Ethereum • Trading •
Ripple and XRP • Altcoins •
Blockchain • Regulators •
Scams • Crypto101 • HodlX •
Futuremash •
Industry Announcements

ABOUT US | EDITORIAL POLICY | PRIVACY POLICY
TERMS AND CONDITIONS | CONTACT | ADVERTISE

JOIN US ON TELEGRAM

JOIN US ON TWITTER

JOIN US ON FACEBOOK

COPYRIGHT © 2017-2023 THE DAILY HODL

No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Binance Coin (BNB)
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
  • EMAIL ALERTS
  • DAILY HODL MIX

© 2023 The Daily Hodl