The world’s second-largest cryptocurrency Ethereum (ETH) has registered a strong bounceback gaining nearly 15% over the last ten days from the lows of $3,000. As of press time, the Ethereum price is trading 1.1% up at a crucial juncture of $3,510 with a market cap of 4421 billion.
Ethereum Whales Accumulating In Big Numbers
In recent insights shared by crypto analyst Ali Martinez, amidst the observed correction in Ethereum’s price over the preceding weeks, there’s a noteworthy surge in whale transactions involving ETH. This trend is viewed as a bullish indicator, hinting at potential upward movements in Ethereum’s price in the foreseeable future.
Courtesy: Ali Martinez
Analysts have been expecting the Ethereum price rally to continue to $4,000 and further to hit its all-time high of $5,000 by the year-end. On the other hand, there have been mixed opinions regarding the approval of the spot Ethereum ETF with big players like Bitwise staying optimistic about the SEC approval by m
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