Smart money is accumulating Ethereum even as traders warn of a drop to $2.4K -Breaking
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Even though traders are warning of a possible drop to $2.4K, Ethereum is being accumulated by smart money. The topic of the upcoming merger is a hotly debated one in the crypto industry. Analysts offer a variety of views on the impact of Ether’s transition to proof-of stake.
Jarvis Labs, a cryptocurrency intelligence company Jarvis Labs provided a deeper dive into Ether’s ongoing accumulation by whale wallets. PostedBelow is a chart that shows how whale wallets have changed relative to the ET price.
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