Ethereum Heading to 4000📈💥
Recent whale activity in the Ethereum ecosystem shows a growing focus on staking $ETH rather than selling for profits, anticipating the launch of an Ethereum ETF that could push the price of ETH above $4,000. .
Large amounts of ETH, held in treasuries of former ICO projects, are being investigated to determine if they are intended for sales or staking. Over the past three months, there has been an increase in whale activity in the spot market, suggesting preparations for significant movements in the price of ETH.
Large wallets are withdrawing funds from exchanges to lock them in staking, with the Ethereum staking contract balance exceeding 47.5 million ETH. Binance stands out by offering wrapped ETH (WBETH) with a 2.85% APY, and its integration into the EigenLayer ecosystem has increased deposits on Binance for this type of more secure staking.
Credits: BitFinanzas
