Ethereum (ETH) has been in a downward spiral for the past six days, with the global crypto market capitalization declining significantly.
The second largest cryptocurrency is down 1.55% in the last 24 hours and saw a 13.78% drop over the past week. At press time, ETH is hovering around $1,800 at the time of writing.
Additionally, ETH plunged 15% from its local high of $2,137 on April 17.
The Ethereum price drop comes as the global crypto market capitalization declined by more than 10% from its local top. The total value of the cryptocurrency market is currently about $1.15 trillion.
On the other hand, the number of non-zero Ethereum wallets has reached 97,969,968 addresses, marking a new all-time high (ATH), according to data provided by Glassnode.
The number of ETH holders has increased along with the number of ether staked and validators on the network. According data Provided by Nansen, the total ethereum locked in the ETH 2.0 contract also reached an ATH of 18,655,800, worth nearly $34 billion at the time of writing.
Meanwhile, more than 632,600 ETH coins, representing 3.4% of total locked assets, have been awaiting withdrawals since the Shanghai update, also known as the Capella hard fork, launched on April 12.
The remaining 96.6% have not been scheduled for withdrawals, according to Nansen.
