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Cryptocurrency News

Smart money is accumulating Ethereum even as traders warn of a drop to $2.4K

04/30/2022

Less than a minute

2022.04.30 22:01

The upcoming Ethereum merge is one of the most widely discussed topics in the crypto sector and analysts have a wide range of perspectives on how the transition to proof of stake could impact Ether’s price.

A deeper dive into the ongoing accumulation of Ether by whale wallets was provided by cryptocurrency intelligence firm Jarvis Labs, which posted the following chart looking at the percentage change in whale wallet holdings versus ET price.

Source

04/30/2022

Less than a minute