Ethereum Hits Monthly High And Turns Deflationary Again

Ethereum Hits Monthly High And Turns Deflationary Again

The Ethereum price rally is on an upward trajectory since the last fortnight. Performing a little over Bitcoin’s growth, Ethereum gained 30%. On the morning of 16th January, Ethereum woke up to exciting news as Ethereum is riding high on the $1600 market price. 

This comes after several contributory factors play a role in the price increase. From the accumulation of assets, particularly by Shark Addresses, it crossed above $1400 for the first time since 7th November on 12th January. 

Shark Addresses are also the highest in this period, with Santiment observing 3000 new Shark Addresses, taking the total tally to the highest since February 2021. 

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