Ethereum

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<p lang="en-GB" xml:lang="en-GB">A recent tweet by on-chain data agency Santiment has revealed an important driver that pushed the second largest crypto, <a href="https://u.today/ethereum-founder-vitalik-buterin-indicates-whats-next-for-l2s-and-bridges">Ethereum</a>, up, helping it to regain the $1,800 price mark.</p>
<h2 id="report-reveals-what-pushed-ethereum-above-1-800">Report reveals what pushed Ethereum above $1,800</h2>
<p lang="en-GB" xml:lang="en-GB">A recent X post by Santiment revealed that the major driver, moving ETH over $1,800 was the day when the biggest number of new wallets emerged since early October.&nbsp;</p>
<p lang="en-GB" xml:lang="en-GB">The analytics team of the company reckons that should the Ethereum network keep growing long-term with the ETH supply on exchanges declining further, “ETH has justification to cross $2,000 once again”. Currently, the supply of Ethereum remains at the lowest level since ETH Genesis.</p>
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 <p lang="en" dir="ltr">📈 <a href="https://twitter.com/hashtag/Ethereum?src=hash&amp;ref_src=twsrc%5Etfw">#Ethereum</a>'s rise above $1,800 has been aided by its largest day of new addresses created since October 7th. If the long-term trend of network growth continues, and exchange supplies continue to drop, <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$ETH</a> has justification to cross $2,000 once again. <a href="https://t.co/SWAC3BVzz8">https://t.co/SWAC3BVzz8</a> <a href="https://t.co/xRjYUfpkyO">pic.twitter.com/xRjYUfpkyO</a></p>— Santiment (@santimentfeed) <a href="https://twitter.com/santimentfeed/status/1719726289442267595?ref_src=twsrc%5Etfw">November 1, 2023</a>
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<h2 id="vitalik-buterin-deposits-eth-to-coinbase">Vitalik Buterin deposits ETH to Coinbase</h2>
<p lang="en-GB" xml:lang="en-GB">As reported by U.Today earlier, Ethereum co-founder <a href="https://u.today/solana-founder-gives-ethereums-vitalik-buterin-his-flowers-after-this-happened">Vitalik Buterin</a> transferred a small amount of ETH to the largest US-based crypto exchange Coinbase – 100 ETH worth $181,000. When Vitalik transferred them at $1,810 per coin.</p>
<p lang="en-GB" xml:lang="en-GB">In September this year, he also moved 400 ETH to the same crypto trading venue. In August, Buterin deposited 600 ETH to Coinbase also – that amount of ETH was worth approximately $1 million back then.</p>
<p lang="en-GB" xml:lang="en-GB">In October, Buterin moved 1,000 ETH to Bitstamp, selling it for $1.67 million. Overall, over the past two months, the Ethereum frontman moved roughly 4,400 ETH to Bitstamp, selling it for approximately $7.23 million in fiat.</p>
<p lang="en-GB" xml:lang="en-GB">At the time of this writing, ETH is changing hands at $1,798, according to the data provided by CoinMarketCap.</p>

Ethereum (ETH) Rise Above $1,800 Caused By This Driver: Report

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