Despite the recent slump in Ethereum's price, there is a bullish sign for the cryptocurrency. On-chain metrics show that whales have been accumulating Ethereum following the dip, with the creation of over 6,400 new wallets by large holders. This accumulation surge indicates that whales are still interested in Ethereum despite its recent underperformance. Analysts have also noted that the recent dip may be the last opportunity to buy Ethereum before a potential 60% surge to around $4,000. Other analysts have predicted even higher price targets, with some suggesting a rise to $6,000. Currently, Ethereum is trading at $2,464, down 6.67% in the past week.



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