Ethereum price renews high above $ 1600

Today, the rate of the second largest cryptocurrency in terms of capitalization has broken through the level of $ 1600, setting a new price record amid relatively low trading volumes. Ethereum capitalization exceeded 180 billion, the dominance index rose to 16.1%!

In January, Variant investor Spencer Noone listed 11 metrics that he believed indicated a continued rally in cryptocurrency. At that time, on January 19, the price crossed the $ 1400 level. Analysts at Glassnode previously noted that upward pressure on the price is being exerted by large coin holders. The number of addresses containing at least 10,000 ETH jumped to a 13-month high, rising 35 addresses in January and 75 since mid-November.