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ETH Holders Increased by 263% in 2022

According to crypto influencer Lark Davis, the number of Ethereum (ETH) holders increased by 263% in 2022, while the number of Bitcoin (BTC) holders only increased by 20%. Despite this, BTC still attracts more institutional investment than ETH.

ETH logo in bullish chart
ETH logo in bullish chart

BTC Price Rally and Technical Flag

The crypto market tracking website CoinMarketCap shows that both BTC and ETH have experienced 24-hour price gains, with BTC's price up 0.94% and ETH's price up 0.06%. BTC's multi-week positive rally has pushed its price above the resistance level at $21,420, flipping it into support.

Lark Davis
Lark Davis

A technical flag to watch is the 9-week EMA crossing above the 20-week EMA, which would be a major bullish signal for BTC targeting $24,870. The 9-week EMA line is also set to cross above the 20-week EMA line on ETH's chart once ETH's price breaches the weekly resistance level at $1,740.

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