The post Ethereum whales may trigger ETH rally, Celestia and Meme Moguls uptrend remain appeared on BitcoinEthereumNews.com.

Ethereum (ETH) remains above the $2,000 support level. A crypto analyst notes that increasing whale activity could trigger the next bull run.  Meanwhile, market participants have been tracking Celestia and Meme Moguls, expecting expansions in 2024. Rising whale activity may drive ETH demand Shortly after BlackRock filed for an Ethereum ETF, prices broke the $2,000 resistance line.  Thus far, despite the decline in the broader crypto market, ETH is firm above $2,000, further buoyed by increasing whale accumulation. Glassnode reported that for the first time in more than nine months, large wallet addresses have been steadily accumulating the coin.  Accordingly, experts are bullish on ETH, expecting the coin to retest $2,140. Further gains will likely lift ETH towards $2,500.  Celestia bullish  On Oct. 31, Celestia launched the world’s first modular blockchain network.  The release saw TIA prices rise by over 70% in two weeks, reaching an all-time high of $7.38.  Although TIA corrected to $5.70, investors continue to explore its prospects.  Movement Labs also said they will scale the Move Virtual Machine layer-2 for Ethereum using the modular Celestia DA.  Introducing M2 with Celestia underneath M2 is the first Move-based Ethereum L2 scaled using @CelestiaOrg’s modular data availability layer, accelerating the creation of high-performance consumer apps.https://t.co/py6xKDeWAY — Movement (@movementlabsxyz) November 22, 2023 At the same time, Lumoz plans to launch a ZK-powered solution, StableNet, on Celestia.  🚀 Lumoz’s RaaS Day was a spectacular exploration of #Rollup technology! 🌐 A massive thank you to our phenomenal keynote speakers and brilliant panelists who shared their expertise. Let’s dive into the highlights of the enlightening panel discussions: pic.twitter.com/BGIeAO1njm — Lumoz (Previously Opside) (@LumozOrg) November 17, 2023 Analysts forecast TIA to reach $10 in 2024. Meme Moguls to launch exchange Meme Moguls aims to create the first exchange dedicated to meme coins.  This platform enables users to trade meme-based…

---

Filed under: News - @ December 1, 2023 4:22 am