My people! What's up with Ethereum? Because this is getting good, really good! 🔥 It seems that the digital bill from Bitcoin's hand is accumulating like crazy and could surprise us this summer. So, let's stay alert!
Imagine the play: the accumulation addresses of Ethereum (those wallets that only receive ETH and don't spend a dime)
They have reached an all-time high! We're talking about nothing more and nothing less than 22.8 million ETH. That's insane! 🤯 It's as if those with deep pockets are going all in on Ethereum, as if to say: "There's a future here, my friend." And the most curious thing is that they are buying and holding despite the price not being at its all-time high. This tells us that those who know the topic, the "diamond hands," are trusting blindly that this is going to rise like foam. 📈
And it doesn't stop there, not at all! The activity on the Ethereum network is also on fire. They've had the highest number of daily transactions since early 2023, surpassing 1.5 million. That's a lot of people using the network! And as you know, more use means more movement, more speculation, and that generally is the prelude to a price surge! It's as if the Ethereum concert is about to explode and people are lining up to get in. 🎟️
The most exciting part is that this comes just when the dominance of "stablecoins" (those little coins that don't fluctuate much in price) is close to its historical resistances, those that have always marked the start of a crazy altcoin season! If stablecoins drop and ETH rises, get ready for a party of alternative cryptos! 🎉 A user put it clearly: "Smart money (the whales) is accumulating Eth like never before. On-chain activity is booming... We have all the ingredients for the craziest summer in cryptocurrency history!"
Now, not everything is rosy, my people. Ethereum still has to pass some tests to reach $3000. Right now it's around $2,460, somewhat stagnant below some important resistances. But if the movement continues like this and breaks the barrier of $2,600, hold on tight! Because the path to $3000 would open wide.
So, let's be alert, because things might get exciting. Let's see if this summer ETH gives us the joy we've been waiting for! 👀$ETH
