Ethereum
Ethereum sees number of large holders increase by 3%, targets $4,000
Ethereum has seen a 3% increase in the number of addresses holding more than 10,000 ETH over the past three weeks, indicating increased buying pressure. The current Ethereum price is stabilizing around $3,700 and could target $4,000 if it stays above $3,650. According to on-chain data, there is growing community enthusiasm following the SEC’s approval of Ethereum ETFs, and social sentiment is stabilizing ahead of the start of trading. Analyst Caled Frazen notes that Ethereum’s current price trends mirror those seen ahead of an 83% rally in 2021. While there is a slight decline in open interest, this trend may suggest a bullish recovery.