According to experts, with the sudden drop in Ethereum (ETH) wallet addresses, investors may face a sharp drop in Ethereum price.
Number of Ethereum addresses in the last 24 hours, according to Glassnode data 50% showed a decline. Experts in one day from 48,000 to 24,000 He thinks that the number of addresses falling may cause a decrease in the price.
Analyst Ali Martinez posted on his social media account on September 28. in his postHe stated that the sudden decrease in Ethereum wallet addresses may mean a sharp correction in price.
Martinez used the following statements in his post:
The number of new Ethereum addresses created every day has taken a significant hit, dropping by more than 50% in the last 24 hours. In general, steady declines in the number of new addresses created on a blockchain lead to a steep price correction over time.
Following the Ethereum Merge update, it has fallen and is on the way to becoming a security, according to the US Securities and Exchange Commission (SEC) was on his radar. SEC Chairman Gary Gensler, He stated that Ethereum, which switched from the Proof of Work (PoW) system to the Proof of Stake (PoS) system with the Merge update, may have entered the security status due to its “staking” service.
