Analysts at Santiment have recorded an increase in the activity of major Ethereum holders.
Analysts at Santiment have recorded an increase in the activity of major Ethereum holders. According to their data, this metric has reached its highest level in the past six weeks. In the context of financial instability and the emergence of new wallets, interest in ETH continues to grow, creating potential for future price strengthening.
Last Friday, when the price of ETH dropped to $2,380, whales increased their purchase volumes, indicating possible accumulation of the asset.
On October 24, the Ethereum network welcomed 6,248 new wallets — a record high since September 5. Analysts emphasize that the growing interest in Ethereum is supported not only by the actions of major players but also by the overall sentiment in global financial markets.
In the last 24 hours, ETH has shown a growth of 4.26% and is trading at $2,630 per coin at the time of writing. The charts indicate price consolidation within key support and resistance levels, with primary support located at $2,350.
Given these factors, interest in Ethereum is likely to continue increasing. Will this lead to a sustained rise in ETH's price and the achievement of a new all-time high in the near future?
