CandleFocus

Whales continue to accumulate Ethereum since prices broke $3,330

Author: Content Editor
Whale activity on Ethereum has increased significantly since the end of November, with addresses holding over $10,000 worth of ETH surging. Mega-whale addresses have also seen a significant increase in December. ETH exchange-traded funds have attracted interest from institutional investors. Data shows that active addresses with balances of $10,000 or more have risen since December, and the number of mega whale addresses has also increased. A crypto trader predicts an impending Ethereum supply shock, with ETH potentially reaching $10,000 due to factors such as billions of ETH being staked and rising demand from ETFs. The total number of ETH staked currently exceeds 34 million, with Lido's liquid staking protocol holding the largest share. US spot Ethereum ETFs have experienced positive inflows since November 22nd. At the time of writing, Ethereum is trading at $3,959 with a market capitalization of $476.8 billion.

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