The post Ethereum Price Prediction: Major Blowup Could Be Brewing appeared on BitcoinEthereumNews.com.

The Ethereum price currently boasts a bullish outlook, with Whales actively accumulating ETH as it reaches a new low. This accumulation trend among whales is a huge boost for the Ethereum price, considering their impact on prices. The ETFSwap (ETFS) altcoin could also witness a major price blowup. Ethereum Price Primed For A Rally As Whales Spend $1.6 Billion On ETH The Ethereum price is primed to witness a massive move to the upside, with Whales spending $1.6 billion to buy ETH. IntoTheBlock data shows that these Whales witnessed a net inflow of 598,000 ETH over seven days. These Whales accumulated these ETH coins as the Ethereum price dropped from its local high. These Whales’ ETH purchase is bullish for the Ethereum price as it indicates that they are still bullish on the second-largest crypto by market cap. As these Whales accumulate more ETH, the Ethereum price will likely enjoy a massive uptrend. Moreover, the Ethereum price is well overdue for a massive rally, considering that ETH has underperformed compared to other top coins like Bitcoin and Solana. ETFSwap (ETFS) Also Set For A Major Price Explosion  Like the Ethereum price, ETFSwap (ETFS) is also set for a major price explosion, with Whales actively accumulating the altcoin in its ongoing presale. These investors have bought over 73 million coins in the crypto presale and will likely clear up the remaining presale allocation soon enough. These Whales are bullish on ETFSwap (ETFS) because of the incredible offerings in its ecosystem, which they say reminds them of when Ethereum just launched. The ETFSwap decentralized investment platform offers tokenized exchange-traded funds (ETFs), which users can invest in using the ETFS altcoin. Investors simply need to convert the ETFSwap (ETFS) to their desired ETF. Analysts say this is a game-changer, considering how it would…

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Filed under: News - @ November 8, 2024 10:27 pm