Ethereum [ETH] notes unprecedented hike, thanks to its…

Ethereum [ETH] notes unprecedented hike, thanks to its...

In the last 30 days, the ETH network has seen over 546,000 active addresses trading the coin daily. Santiment showed this to be the highest rate in the daily active address index that the altcoin registered so far this year.At the beginning of the bull market in July, Ether traded at $1,059. Sharing a close correlation with Bitcoin, the price of ETH surged as the price of the king coin rallied.

During the intraday trading session on 8 August, ETH exchanged hands above the $1,800 price mark, jumping by over 40% in the last month. Further, the Ethereum Network has seen over 15 billion in daily trading volume over the last 30 days.Trading at $1,771.66 as of this writing, ETH registered a 2.39% growth in price in the last 24 hours. According to data from CoinMarketCap, trading volume rallied by 69% within the same period.

On a 4-hour chart, a gradual accumulation of ETH coins was underway at press time. The coin’s Relative Strength Index and Money Flow Index were spotted at 63 and 74, respectively.In the last 30 days, wallet addresses holding between 100 to 1,000 ETH coins grew their ETH holdings by 1%. According to data from Glassnode, addresses on the ETH network holding 1k+ ETH coins just clocked a seven-month high of 6,333.

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