Analyst: ETH is expected to increase by 50-60% in the future
On-chain indicators suggest that ETH may have strong potential for future growth. In the past three weeks, nearly 510,000 ETH has been withdrawn from identifiable cryptocurrency trading wallets. The total value of this massive outflow is estimated to be around $1.22 billion. Analysts say that with the upcoming Ethereum Dencun upgrade, it is expected that ETH will rise by 50-60% in the future.
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.
You may also like
For the first time in nearly 30 years! 500 million euros equivalent deployed as funds, New York Fed report confirms joint Japan-US intervention in yen exchange rate
The New York Federal Reserve released a report on Thursday confirming earlier market news that the US Treasury used approximately 500 million USD equivalent in euros, which it holds, to support the Japanese yen in a coordinated intervention with Japan on July 31.
Nearly $600 Million in Crypto Longs Liquidated as Bitcoin and Ethereum Fall to August Lows
Crypto prices
More
