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Ethereum whales moved $ 22 million to ETH in a few hours

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Ethereum whales moved $ 22 million to ETH in a few hours

Ethereum whales moved $ 22 million to ETH in a few hours
CONTENT

  • The number of large ETH transactions increased

  • ETH token cost exceeded $ 900

  • Investors will start investing in ETH tokens

International consortium of news organizations developing transparency standards.

In just a few hours, users moved the ETH in the amount of $ 22 million. It is likely that the whales are preparing to hold the coin in anticipation of the price increase.

Ethereum whales moved $ 22 million to ETH in a few hours

ETH rose to $ 900

At the beginning of the year, the price of the ETH token for the first time in the last 12 months exceeded the $ 800 mark. This growth was driven by general market trends, as well as the increased interest of institutional investors in the token. In early January, the price of bitcoin broke the $ 34,000 barrier, pulling coins from the top 10 with it..

At the same time, ETH tested $ 910 for the first time since February 2018. Along with the growth of the exchange rate, large investors also revived. Within a few hours on January 3, users moved over $ 22 million in ETH tokens to unknown wallets. This may indicate that large investors are stocking up tokens, expecting an increase in the value of the coin..

Recall that the Ethereum rally began at the end of last year.

Ethereum whales moved $ 22 million to ETH in a few hours

“On the weekly ETH chart, the price is approaching the long-term resistance level of $ 835 (Fibo 0.5 retracement). If the bulls manage to break it, the next resistance will come into play around $ 1,014 (Fibo 0.618) ”, – BeInCrypto analyst Valdrin Tahiri predicted.

The coin has already looked beyond the $ 910 mark, which means that the token As the use of cryptocurrencies grows, new types of tokens appear. They can represent value or something intangible like voices. Two … More may soon reach the aforementioned peak of $ 1014.

Experts’ forecasts on the dynamics of the Ethereum course read here.

Ethereum will become the focus of investors’ attention

The growth of the ETH confirms the forecasts of experts that the coming 2021 will be a breakthrough time for this crypto coin. Messari analyst Ryan Watkins previously stated that investors would prefer the profits received from the sale of bitcoin to invest in ETH tokens..

“Forecast for 2021: In 2021, institutions will start investing in ETH. If you have already recognized Bitcoin as a valuable asset, it is easier for you to take the next step and switch from BTC to ETH ”- wrote Watkins.

It is likely that this is exactly what is happening today. Investors are investing in ETH, expecting a rise in the value of the token after the launch of the new version of the Ethereum 2.0 protocol.

In early December 2020, the first block was mined on the Ethereum 2.0 network. This is the first real block outside of testnets and the first step towards implementing Eth2.

Ethereum whales moved $ 22 million to ETH in a few hours

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