-Data from CryptoQuant shows that growth in demand for ETH seems to be picking up again on the back of increased purchases by regular holders following rumors of ETF approval. The chart below shows a 5.20% increase in ETH purchases by regular E
TH holders based on expectations of ETF approval.CryptoQuant defines permanent holders as "addresses that accumulate #MemeWatch2024 and never sell. ""
"This type of holder has purchased over 2,023,000 ETH, which is the highest since 10.09. 100.
Popular analyst Ali Martinez made similar observations and shared the following chart showing the increase in ETH accumulation by whales on the 20th.
Analyst firm Santiment noted that while crowd sentiment towards #bitcoin and Solan remains bearish, excitement around #MemeWatch2024 has reached its highest level since 2023/9.
The SEC is now likely to approve the first #Etf , and #MemeWatch2024 is showing the most optimistic sentiment since May 9 as the price of ETH surged. "...
データによるとAlternative. me The cryptocurrency fear and greed index rose to an "extreme greed" level of 76, up from a "greed" level of 64 last week. This means that retail investors are increasingly positive about cryptocurrencies, and if the SEC approves Ethereum spot Eft this month, the price of ETH is expected to continue its uptrend.
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