HomeUncategorizedSmart money is accumulating Ethereum even as traders warn of a drop to $2.4K By Cointelegraph

Smart money is accumulating Ethereum even as traders warn of a drop to $2.4K By Cointelegraph

April 30, 2022

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Smart money is accumulating Ethereum even as traders warn of a drop to $2.4K

The upcoming merge is one of the most widely discussed topics in the crypto sector and analysts have a wide range of perspectives on how the transition to proof of stake could impact Ether’s price.

ETH/USDT 1-day chart. Source: TradingView

A deeper dive into the ongoing accumulation of Ether by whale wallets was provided by cryptocurrency intelligence firm Jarvis Labs, which posted the following chart looking at the percentage change in whale wallet holdings versus ET price.

Ether whale holding change. Source: Twitter (NYSE:)
Ether divergence. Source: Twitter
price trends. Source: Delphi Digital
Ether staking statistics. Source: Ethereum.org
Lido Eth2 deposits. Source: Dune Analytics