What's up, crypto people! 💸 Get ready because Ethereum is putting on a tremendous show and everything points to its price flying. The heavyweights of the finance and crypto world are keeping an eye on it, and with the amount of massive purchases and the cash flowing in, the coin is dangerously approaching $4,000, something we haven't seen since 2024!
Imagine that suddenly two gigantic wallets, like those of powerful institutions, appear, buying more than 58,000 ETH, that's like $212 million dollars. 🤯 And not only that, another "whale" (that's what we call those who have a lot of crypto) put in another $50 million. This is not coincidence; they are seeing something big!
And it's not just individual investors in this. A company called SharpLink, which is already the largest holder of Ethereum, is buying like there’s no tomorrow! In just one day, they put in almost 5,000 ETH, and in all of July, they have already accumulated more than 157,000 ETH. That's nearly $500 million dollars! Imagine the confidence they have!
Moreover, Ethereum ETFs (think of them like investment funds but for crypto) are breaking records. In the last week, they received $2.2 billion dollars, double that of the previous week! It’s like everyone is saying: "Yes, we want Ethereum!" An analyst from those funds said this is a sign that people have a lot of trust in Ethereum.
And this is not just about the price. Ethereum is the foundation of many important things in the crypto world: stablecoins, decentralized finance (DeFi), and tokenization. That's why institutions like BlackRock are keeping an eye on it.
Even a guy who knows a lot about this, Arthur Hayes, former CEO of BitMEX, says that Ethereum is not only going to surpass $4,000, but it could reach $10,000 before the year ends! 😱 Right now, it's around $3,710 and its total value already exceeds $450 billion dollars. It’s one of the 25 most important coins on the planet!
So, stay tuned because Ethereum is on fire and this could be the beginning of something huge. Will the definitive explosion come? Time will tell!$ETH