Cryptocurrency Ethereum has grown significantly for the first time since November 2022

The price of the main altcoin has reached its highest level in more than 2 months. Over the past day, ETH $3,332.99 Bridged Ether (StarkGate) -1.18% Market capitalization $0.3 billion VOL. 24 hours $1.45 billion has outperformed bitcoin, rising by 4.7%.

At the same time, the flagship cryptocurrency rose by 3.9% BTC $95,814.78 Bitcoin -1.39% Market capitalization $1.9 trillion VOL. 24 hours $2.46 billion . According to analysts, ethereum is currently trading at its highest price since it fell by 26% in November.

According to Santiment, an online analytics platform, over the past two months, large investors have become much more active in buying ETH. Crypto sharks have been particularly active, with wallets holding between 100 and 10,000 ETH. «The 48,556 shark addresses are the highest level recorded since February 2021,» Santiment said in its report.

🦈 #Ethereum has jumped above $ 1,400 for the first time since November 7th. Over the past 10 weeks, ~3,000 new shark addresses (holding 100 to 10,000 $ETH) have shown up on the network. 48,556 shark addresses is the highest level recorded since Feb, 2021. https://t.co/yJfTP3QhKI pic.twitter.com/4tzS0nsph9

— Santiment (@santimentfeed) January 12, 2023

It is worth noting that according to artificial intelligence forecasts, by the end of this month, ETH will be trading for $ 1315, but the digital asset has already surpassed this mark. Despite the fall in cryptocurrencies after the FTX exchange collapse, the value of ethereum has been much more stable compared to other digital assets.