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Dormant Whale Activity Signals Ethereum Shake-Up – Will ETF Momentum Push ETH to New Highs?
- ETH is expected to rebound to $3,800 soon and hit new all-time highs by the end of the month. This will occur as whale activity intensifies and boosts market growth.
- Some analysts predict that ETH will near-double following Donald Trump’s inauguration on January 20th, with it pushing past $6,000 if it dips to $2,800 beforehand.
- The MVRV or Market Value to Realized Value ratio suggests the asset has been oversold in the past month and Ethereum’s current price dip points to a long-term bullish market.
- Investors have been putting their money into upcoming altcoins such as Wall Street Pepe and Solaxy, the former of which raised over $47 million in just their presale.
- Wall Street Pepe is built around Pepe the Frog and gives its token holders access to expert trading signals and insider groups.
- Solaxy is the world’s first Solana-based Layer 2 meme coin and has already raised over $10 million in its presale. Solaxy expects to offer unprecedented transaction speeds at the lowest gas fees possible.
- Ethereum still on a path to reach new ATHs, and whales are pouring huge amounts of ETH into forthcoming altcoins.
- The losses are just temporary, and Ethereum is still expected to hit new ATHs before the end of the month.
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