Ethereum Accumulation Is Rising: Will It Finally Reflect in Price?
Amid the heightened geopolitical tensions, Bitcoin and Ethereum are both trying their best to reach the top of the market radar. Both the assets have been trying hard to reclaim their past highs, vying to cross $70K and $2K, respectively. In addition to this, Ethereum, on the other hand, has started to show active signs of accumulation. Will this rapid Ethereum accumulation reflect in its price as well? Also Read: The US Oil Crashes, Then Rockets Back to $91: What Just Happened? Ethereum Accumulation Is Rising: New Signs and Stories Ethereum, the second largest cryptocurrency by market cap, has now started to show active signs of accumulation. Starting with Bitmine, Tom Lee’s firm has purchased nearly 60K ETH tokens worth $122M. The firm currently holds nearly 4,534,563 ETH tokens worth $878B. Tom Lee(@fundstrat)'s #Bitmine bought another 60,976 $ETH($122.8M) last week and now holds 4,534,563 $ETH($8.78B).https://t.co/LrxCTjqjE3 pic.twitter.com/AjRYSbiTuV — Lookonchain (@lookoncha...