Active ETH whales are stirring as coin is up 5.4%
Sentiment Data Company have informed Large major Ethereum wallets have seen increased activity since the collapse of FTX earlier this month, with a price increase of more than 5% over the past 24 hours.
This may be a forerunner of a much bigger price surge, Santiment analysts believe. At present, Ethereum is changing hands at $1,265.
ETH whales and sharks address surge to new peak
Sentiment has tweeted that the number of large key wallets on the Ethereum chain is actively increasing after FTX filed for bankruptcy by Sam Bankman-Fried. Thus, the amount of wallets holding 100,000 to 100,000 ETH has reached a 20-month peak after a massive drop since the FTX scandal and bankruptcy.
Ethereum may jump 30% if history repeats itself
To cap the aforementioned 20-month high of large Ethereum wallets, Santiment also spread the word that this was likely what pushed the second largest cryptocurrency up 5.4% in the past 24 hours.
The last time this happened and these addresses reached exactly the same level, the price of Ethereum increased by more than 30% over the next three weeks.
Dan Tapiero bullish on Ethereum
Founder and CEO of 10T Holdings and Gold Bullion, investor Dan Tapiero has taken to Twitter to share his thoughts on the future moves of Ethereum’s price.
He turned out to be very bullish on Vitalik Buterin’s Ethereum-created cryptocurrency as ETH did not make a new price low following the FTX scandal. The latter, Tapiero believes has been the most negative news for the crypto market recently.
