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Bullish Signs for Ethereum: Active Addresses Surge and Exchange Outflows Increase
AmbCryptoOct 16, 2024
#DeFi ETHBTC

The daily Ethereum active addresses have jumped to 30% after the recent price gains. The crypto fear and greed index spiked to 73 after Bitcoin [BTC] broke above $67,000. Ethereum [ETH] is yet to post significant gains, trading at $2,604 at press time. However, there are bullish signs indicating a potential price increase, including a bullish divergence on the daily chart and high Ethereum exchange outflows. The rising number of active addresses and profitability also suggest growing demand for ETH.

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Bullish Signs for Ethereum: Active Addresses Surge and Exchange Outflows Increase
AmbCryptoOct 16, 2024
#DeFi ETHBTC

The daily Ethereum active addresses have jumped to 30% after the recent price gains. The crypto fear and greed index spiked to 73 after Bitcoin [BTC] broke above $67,000. Ethereum [ETH] is yet to post significant gains, trading at $2,604 at press time. However, there are bullish signs indicating a potential price increase, including a bullish divergence on the daily chart and high Ethereum exchange outflows. The rising number of active addresses and profitability also suggest growing demand for ETH.

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