Ethereum is buzzing with action, and hereโs whatโs driving it:
๐ฅ Strong Market Momentum: ETH pumped hard ๐, following Bitcoinโs bullish lead and lifting overall market sentiment.
๐ ๏ธ Upgrade Anticipation: Upcoming Ethereum network upgrades ๐ง and possible ETF approvals ๐ are attracting more institutional interest.
๐ Supply Squeeze: Staking and DeFi activity are locking away more ETH, reducing available supply and fueling price momentum.
๐ณ Whale Alert: A major move by co-founder Jeffrey Wilcke grabbed attention, sparking speculation.
๐ค Dormant Whale Wakes Up: Onchain Lens reports a whale inactive for 3 years has staked 4,736 ETH worth $19.84M to Kiln. Bought 4โ5 years ago for $9.12M, now sitting on $10.7M profit ๐ฐ.
๐ Bigger Moves Ahead: Such whale activity often signals upcoming volatility โ and traders are watching closely.
Ethereumโs ocean looks primed for powerful waves ๐๐.