Ethereum Whale Selling Off Massive Gains
You are surprised to find an inactive Ethereum (ETH) whale resurfacing to realize their nearly 700%-gain on over 47,260 ETH worth $87.5 million, recently deposited to Kraken after wallet inactivity for over 5 years and 670% gains after acquisition at an average price of $240 per token in 2017.
Increased Institutional Interest in Ethereum
You are intrigued by the growing trend of institutional investment marking a renewed confidence in Ethereum’s long-term value according to CryptoQuant’s analysis, with major investment firms increasingly betting on Ethereum as a long-term prospect, particularly leading up to Ethereum’s promising future, with the implementation of Ethereum 2.0 and other enhancements seen as key drivers.
Prediction: Ethereum to Outperform Bitcoin
You are interested to learn that former Goldman Sachs executive Raoul Pal predicts that Ethereum could outperform Bitcoin in Crypto’s “late spring” phase, referring to the Tom Demark Sequential indicator to support his view that Ethereum is gearing up to surpass Bitcoin.
Hot Take
You can learn a lot from these developments. Tracking whale activity, increased institutional interest, and expert predictions can help you make better decisions when it comes to your crypto investments. Pay attention to these signs and consider what they might mean for Ethereum’s market value moving forward.
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