Ethereum eyes 25% rally
According to Cointelegraph, the price of Ethereum (ETH) could surge by 25% in the coming months if the largest holders (whales) of the digital currency return to a 'profitable state'.
Analysts note that when the wealthiest ETH owners (so-called 'whales') start to profit from their positions, this often signals the start of a new cryptocurrency rally. According to Santiment data, major ETH holders have already moved into profitability, which could drive the Ethereum price up to $2,750 by June and above $3,200 by September.
It's important to note that this signal is not a 100% guarantee of growth, but it has historically correlated well with positive Ethereum price dynamics. Moreover, the cryptocurrency market always maintains high volatility, so investors should exercise caution and diversify their investments.
Overall, the return of Ethereum whales to a profitable state could be a good indicator for further growth of the second-largest cryptocurrency. However, investors should closely monitor the situation in the market and not rely solely on this signal.