The world of cryptocurrency has surpassed the largest crypto, Bitcoin , and has recently paid attention to other important projects. Ethereum   has experienced strong growth in its ecosystem despite a frozen price. The value of ether at the time of the press was $ 244.83, but the anticipation of ETH 2.0 sparked increased interest in the ecosystem.

According to data provider Glassnode, the number of active addresses for Ether rose to 405,014 by Friday. This level of increase in active addresses was last observed in May 2018 when the price of ETH was close to $ 800, however, since the current price has stagnated, this may be possible due to developments in the extended Ethereum community with DeFi.

Source: Glassnode

This peak started to drop since Monday, however, despite a downward trend, it is still a 115% growth in active addresses since the beginning of the year. Since Glassnode's calculations of active addresses only included addresses that were active in successful transactions, this number showed significant activity on the chain.

The definition of active addresses meant that  ETH  carried out transactions and according to another measure, the supply of ETH also increased. Could this mean that traders were expecting a bullish movement in the coin? The increase in active offer has suggested something along these lines. The active offer 3y-5y has today reached an ATH of 17.729 million ETH .

Source: Glassnode

This growing supply added to the portfolios of many traders, as even the portfolio holding 100 + ETH scored an ATH simultaneously. The number of addresses currently holding 100+ ETH was $ 52,865.

Source: Glassnode

Thus, traders have collected ETH and it can only be to take advantage of a positive price movement. However, ETH 2.0 is not in sight and traders are hanging on the edge of hope.

Upgrading the protocol was seen as the savior that could solve the problem of scaling up Ethereum . The issue of congestion is not new to the network and it also led to skyrocketing its transaction fees in June 2020, the only advantage of rising costs is that minor's income ETH were also recorded increase, especially in the past 24 years. -26% hours.

Source: Glassnode

There is a lot of hope related to the upgrade protocol, but its delay can cause a lack of interest in the community, since the price has been consolidating for more than a month now, and the costs have gone up to a very high level, which makes it expensive to exchange. .