In 2024, Ethereum experienced significant price volatility. While analysts speculate on future price movements, large investors continue to increase their ETH holdings.
Ethereum Whales Take Action
Despite significant cryptocurrency price drops, whales continue to make purchases. Ethereum whales, known for their market dominance, continue to acquire ETH, indicating their confidence in a market rise. Recently, a whale withdrew 10,000 Ethereum from the Gemini exchange and transferred it to an unknown wallet. Despite this move, the market continued to decline.
Analysts’ Views on Ethereum
Amid market fluctuations, analysts have mixed feelings. Some predict a rise to $10,000 or more, while others foresee a drop to $2,000. Analyst Anatar suggested an inevitable price drop: "Fear it, run from it, destiny still arrives." He concluded his comment by pointing to $2,000.
Current Market Situation
All eyes were on Ethereum's price. At the time of writing, the price continued to fall. After a 7.75% drop in the last 24 hours, ETH was trading around $2,186. Following the decline, the market cap further decreased to $263 billion. These price movements suggest that Anatar's prediction might be more likely.
The Ethereum market continues to be a focus of analysts and investors. Despite current fluctuations, large players continue to increase their holdings, which may indicate future growth.
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