My lovely people! Get ready because this is heating up! 🔥 It turns out that the "heavyweights" of Ethereum, whom we call "whales" 🐳, are buying ETH as if there were no tomorrow! It is said that on June 15, these market sharks pocketed over 818,000 ETH, which translates to an impressive 2.5 billion dollars! 💰 This is the largest purchase seen since 2018! A serious matter!
And why the madness? Well, look, the price of ETH has been like a roller coaster, consolidating for months, but experts are seeing a pattern that sounds familiar to them, reminiscent of 2017. Do you remember that year? Ethereum shot up by 1,000%! 🤯 Can you imagine!
Why Are Whales Going All In on ETH?
Well, it's not just that they are buying for the sake of buying. There are several reasons for this cash "flow":
Brutal accumulation: Wallets holding between 1,000 and 10,000 ETH (those are the whales!) have increased their holdings to over 16 million ETH. A year ago, they had almost 4 million less! This shows incredible confidence in the future of the currency.
Institutional interest rising rapidly: It seems that the big investment funds, those that handle the money of the "rich and famous", are investing in Ether like crazy. In just one week, funds focused on ETH attracted 583 million dollars, totaling 2.28 billion dollars so far this year. This is not child's play!
The "deja vu" of 2017: An analyst named Milkybull Crypto is saying that the current ETH pattern is identical to the one we saw before its brutal rise in 2017. At that time, after some turbulent moves, ETH consolidated and bam!, shot up from $10-20 to over $1,500 in less than a year. Now, ETH is dancing between $2,150 and $3,600, accumulating before a possible big breakout.
What to Expect from the Price of Ethereum?
According to the experts, if this trend continues, we could see ETH touching $4,000 in the short term. But watch out! Milkybull Crypto does not rule out that it could reach $10,000. Yes, you heard right, TEN THOUSAND DOLLARS! 🤑
So, stay alert! The drivers are now different (like ETFs, staking, and tokenization), but the signal is clear: the whales are smelling blood in the money and are diving in with everything. Are we about to see a historic takeoff for Ethereum? Time will tell, but the outlook is fantastic!
