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Featured image from Klook, chart from TradingView<\/em><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"Ethereum whales\u2014the Goliaths of the bitcoin world\u2014have been showing their financial biceps in the past few months. A new Santiment analysis of on-chain data shows an increase in whale activity, presumably driven by the green light for spot Ethereum exchange-traded funds (ETFs) from the US Securities and Exchange Commission (SEC). This increased participation from big investors gives Ethereum’s upward momentum even more mystery since it implies increasing market confidence and expectation. Related Reading: Time To Stack Stellar (XLM)? Analyst Calls For Epic 500% Price Breakout A Whale Of A Time: Accumulation Anchors Ahead The sudden acceptance of the SEC on May 23rd of 19b-4 forms for ETF applications from giants like BlackRock and Fidelity shook the cryptoverse nest. Following months of radio quiet from authorities, this much awaited ruling appears to have heralded a purchasing frenzy for Ethereum’s largest players. Deep diving in Santiment’s analysis reveals a nearly 30% rise in holdings by wallets containing at least 10,000 ETH throughout the past 14 months. These deep-pocketed investors have snapped up an amazing 21 million ETH, presently worth at a cool $83 billion. Given Ethereum even outperforming Bitcoin in terms of percentage increases last month, it is not surprising that the accumulating party shows no signs of abating. Profit Feast Before The Main Course? Following the ETF approval, the data points to a recent surge of whale transactions above $100,000 and a mind-boggling $1 million, reaching year-to- date highs. One could see this increase in activity as whales using the optimistic attitude to lock up some gains. But Santiment says this might be a calculated halt before returning into the purchasing pool. The analysis contends that Ethereum’s price has the ability to keep beating its bigger sibling, Bitcoin, even within market turbulence as long as these “10K+ ETH wallets are still moving north.” Profitable Seas For Ethereum Sailors The good news goes beyond activity of whales. News BTC’s investigation showed daily Ethereum transactions had a good trend. Over a seven-day moving average, the ratio of successful trades to those ending in a loss comes out as a good 1.87. This suggests a tsunami of hope among Ethereum investors since it shows that for every losing investment there are almost two successful ones. Ethereum Price Prediction Based on Ethereum’s past price patterns as well as the BTC halving stages, the expected annual low Ethereum price estimate for 2025 is $3,716 Forecasts call for Ethereum’s price to grow to $6,722 in the next year. Related Reading: Dogwifhat Unstoppable: Bullish Sentiment To Propel WIF Towards $6.7 \u2013 Analyst Ethereum’s price estimate for 2025 right now falls between $3,716 on the low side and $6,722 on the high side. Should ETH reach the higher price target, Ethereum’s value might rise by eighty percent by 2025 from its present level. Rising over 100% over the past year, Ethereum outperformed half of the top 100 cryptocurrencies. Supported by 17 green days in the previous 30, which constitute 57% of current trading sessions, trading above its 200-day simple moving average shows a positive momentum. Supported by its great liquidity and negative annual inflation rate of -0.24%, indicating possible shortage and value increase, this performance highlights Ethereum’s robustness and appeal to investors. Featured image from Klook, chart from TradingView<\/p>\n","protected":false},"author":557,"featured_media":610601,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3,13625],"tags":[142,6664,1944,8323,4854,1946,8686],"class_list":["post-610589","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-ethereum","tag-altcoins","tag-crypto","tag-etf","tag-eth","tag-ether","tag-ethereum","tag-ethusd"],"acf":[],"yoast_head":"\n
Ethereum Holdings Balloon To 30% - Details<\/title>\n \n \n \n \n \n \n \n \n \n \n \n \n \n\t \n\t \n\t \n \n \n \n \n \n\t \n\t \n\t \n