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Smart money is accumulating ETH even as traders warn of a drop to $2.4K -Breaking

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Even though traders are warning of a $2.4K drop, smart money continues to accumulate ETH

The upcoming merge is one of the most widely discussed topics in the crypto sector and analysts have a wide range of perspectives on how the transition to proof-of-stake (PoS could impact Ether’s (ETH) price.

ETH/USDT 1-day chart. TradingView

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 the ETH price has changed relative to whale wallet holdings.

Change for Ether whales Source: Twitter (NYSE :
There is no such thing as a divergence. Twitter
Price trends Source: Delphi Digital
Statistics on Ether Staking. Source: Ethereum.org
Lido Eth2 deposits. Source: Dune Analytics