Santiment: Bitcoin’s growth during this bull run is expected to lead to a reallocation of profits to Ethereum
Santiment has published an analysis stating that the current Ethereum price is around $3,120 and is finally showing signs of growth. For the past eight years, Ethereum has maintained its position as the second-largest cryptocurrency by market capitalization. Whale trading data shows that the activity of key Ethereum stakeholders has significantly increased, and their activity has helped ETH reach a 14-week high. In addition, ETH trading volume has also risen to $10.4 billion in recent days. It is expected that the growth during this bull market period may redistribute profits to Ethereum and may push it to achieve a new all-time high. Furthermore, its network activity appears to be very healthy.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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