Crypto Mania

Ethereum Soars to an 18-Month High!

Crypto Live News

Author: Mustafa Mulla

Mustafa has been writing about Blockchain and crypto since many years. He has previous trading experience and has been working in the Fintech industry since 2017.

Ethereum has surged to its highest level in 18 months, with its price currently up by 5.61% at $2,375. Some investors predict a price target of $3,500 for the digital asset. While Bitcoin’s momentum has slowed down, the focus has shifted to Ethereum and other altcoins experiencing significant upward surges. Non-exchange wallets are holding an all-time high of 54.6 million ETH, while exchange wallet holdings have dropped to a five-year low of 9.3 million ETH. Ethereum is set to execute the Dencun fork of the Goerli testnet in January 2024, which will boost data availability for layer-2 rollups and ultimately benefit end users.

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