On-chain analysis platform Santiment compared Ethereum (ETH) purchases in recent weeks to purchases in 2020 and pointed out that this could trigger a rise.
According to data shared by Santiment, whale movements in recent weeks 2020 It is similar to what happened in the year 2018, and these movements can trigger a serious Ethereum rise.
According to the data one hundred to 100,000 ETH containing,shark” and “whaleAccounts referred to as “” have only been used in the last three weeks. Bought 1.9% of Ethereum supply. According to on-chain analysis, November 21 was the day when the highest amount of ETH was received this year. Different different whales, in total from one billion dollars spending too much on their wallets 947,940 ETH added pieces.
Based on the data, a similar purchase was discussed in the autumn of 2020, and then an increase of around 50% had happened. Then Ethereum and with it the entire cryptocurrency market entered a bull season that lasted for months. If history tends to repeat itself, in early 2023 A similar rise can be seen in the ETH price.
According to CoinGecko data, at the time of writing, Ethereum has been trading in the last 24-hour period. 2% increase with at $1,197 traded in the markets.