Some other factors too were responsible for the growth observed in Ethereum. According to Glassnode , a crypto analytics firm, Ethereum observed an all-time high in addresses holding more than one ETH. As of 8 October, the number of addresses holding more than one ETH was 1.
This was the highest it had ever been. This development could be attributed to not just interest from retail investors, but also an increasing interest from Ethereum whales. Federal Reserve. Crypto faces an unusual double whammy this week: U. Hold your breath for a rollercoaster ride. Antoni Trenchev co-founder, Nexo Stocks have been under pressure this year as the Fed has hiked interest rates to try to control rampant inflation. Cryptocurrencies, which are also risk assets, have been battered.
That decline has also been driven by crypto-specific issues including the collapse of key projects and bankruptcies that have spread across the industry. Meanwhile, the Ethereum network will complete a long-awaited upgrade called the merge.

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