What's up, my lovely people! 🌴 Ready to gossip a little about the crypto world? Because Ethereum (ETH), that digital currency that has us all glued to the screen, is up to its tricks and it seems like no one can stop it!
Imagine this: in just a couple of days, the price of ETH shot up like palm trees on the beach in a hurricane. From around $2,400 on the first of July, it skyrocketed to almost $2,600! 🤑 And this is not a coincidence, my friends. The experts who keep an eye on the movements of these coins, those who know about "on-chain", are seeing that both the accounts where people are accumulating ETH and the amount of ETH that is being "staked" (that is, putting to work to earn more!) are reaching historical levels. It's as if the universe is conspiring for the price to keep rising like foam! 📈
Let's see, to understand the movie: since early June, people haven't stopped putting ETH into "liquid staking". What is that? It's like you put your ETH to earn more ETH without it being locked up. Crazy! From about 34.54 million ETH, we jumped to 35.52 million in just one month. Almost a million more ETH at work! 💪 And the heaviest part is that most of those doing this are the big investors, the heavyweights, the institutions who see this as a gold mine. They want their ETH to make them more money while they wait for the price to skyrocket. They are on it, that's for sure! 💡
And not only that, things get better! The ETH accumulation addresses (which are like bank accounts where people keep their ETH without selling it, showing that they trust in the long term) are also about to break records. They grew by 35.97% in one month! This tells us that people are keeping their ETH as if it were gold because they know this is going forward! 🚀
The most curious thing about this story is that the average price at which these accumulators bought their ETH was $2,114. And if it's currently at $2,593, they are making a 22.65%! That's a profit that leaves you speechless! 🤯
So, what is expected? The wisest analysts in crypto are saying that ETH is about to make a giant leap. A well-known analyst, Titan of Crypto, even predicts it could reach $4,200! Can you imagine that? 🤑 And it's not just him; it seems even the heavyweights of traditional finance, like Tom Lee and Joe Lubin, want to hop on the bandwagon and accumulate a bunch of ETH!
Of course, like in everything in life, we have to be attentive. If the price of ETH drops below $2,200, things could get ugly and it might even fall to $1,160. But for now, the vibe is good and ETH keeps rising! So, let's stay alert and see what the future holds for this guy! 😉$ETH
