Ethereum (ETH) se apropie din toate timpurile de mare în mijlocul acumulării puternice a balenelor

Amid all the Bitcoin fanfare and the launch of the first U.S. Bitcoin ETF, the world’s second-largest cryptocurrency Ethereum is also making strong moves. The ETH price has rallied past $4000 and is currently approaching its all-time high of $4400.

As of press time, ETH is trading 8.38% up at a price of $4178 with a market cap of $493 billion. The recent price rally in Ethereum happens against the backdrop of strong whale accumulation taking place. As on-chain data provider Santiment Rapoarte, the Ethereum billionaire whale addresses have made heavy accumulation in the last 10 weeks.

lui Ethereum top addresses have accumulated $ ETH steadily since early August, and it’s no surprise to see the #2 asset approaching an #AllTimeHigh of its own. In the past 10 weeks, addresses with 1M to 10M $ ETH have accumulated 13.9% more to their bags.

Ethereum Heading to $40,000?

Well, as the Ethereum (ETH) price approaches its all-time high, analysts have started giving strong bullish targets for the world’s second-largest crypto. Popular analyst Raoul Pal predicts that the Ethereum (ETH) price can touch $40,000 levels by June by comparing the historical ETH/BTC price action.

And ETH…bigger move…$40k by March/June would only be 1 standard deviation overbought versus trend. pic.twitter.com/eUYqNDVupG

- Raoul Pal (@RaoulGMI) Octombrie 21, 2021

Adding a note of caution for investors, Pal notes: “This is not a certainty. It is a probabilistic outcome. For me, $20k ETH and $200k BTC is a shoe-in (70% + chance) What outperforms and how this plays out is anyone’s guess”.

But Raoul Pal isn’t alone in his bullish predictions for Ethereum. Recently, tech billionaire Mark Cuban a spus that as an investment, Ethereum has the most upside.

Furthermore, Ethereum continues to hit strong milestones in the game of decentralized finance (DeFi). More than $100 billion have been locked on Defi platforms on the Ethereum blockchain.

There is now over $100 BILLION locked in #DeFi on #Ethereum pic.twitter.com/C0vyioALCx

— Crypto Gucci 🦇🔊 (@CryptoGucci) Octombrie 20, 2021

On the other hand, the total-value-locked (TVL) in Ethereum 2.0 Deposit Contracts has recently crossed $30 billion. The developments with PoS Etheruem 2.0 have been going pretty strong as of now.