$ETH: Crypto Analytics Firm Says Ethereum Is ‘Showing Some Serious Bounce Potential’

On Tuesday (29 November 29), crypto analytics startup Santiment, which provides tools that make “powerful OnChain, Social & Financial analysis accessible to anyone”, commented on Ethereum’s recent price action.

Santiment based its prediction on the fact that on 28 November 2022 “Ethereum’s active addresses surged to its highest level in over 6 weeks.”

? #Ethereum’s active addresses surged to its highest level in over 6 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 3 weeks. https://t.co/8LFsUn6Thz pic.twitter.com/hDekw9Em51

— Santiment (@santimentfeed) November 29, 2022

Then, yesterday (30 November 2022), Santiment said that “Ethereum’s large key addresses have been growing in number since the FTX debacle in early Novembe,” and that “the number of 100 to 100k $ETH addresses is at a 20-month high.”

?? #Ethereum’s large key addresses have been growing in number since the #FTX debacle in early November. Pictured are the key moments where shark & whale addresses have accumulated & dumped. The number of 100 to 100k $ETH addresses is at a 20-month high. https://t.co/beawFcBRvi pic.twitter.com/dR8zEqurZQ

— Santiment (@santimentfeed) November 30, 2022

According to data by TradingView, $ETH is currently (as of 11:28 a.m. UTC on 1 December 2022), trading around $1,278., up around 1% in the past 24-hour period.

Source: TradingView

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