Skip to content
Herald Sheets

Herald Sheets

Live Cryptocurrency News

Follow Herald Sheets on Twitter, Facebook, Telegram, Please Read Our Disclaimer

  • Homepage
  • Start Trading
  • Guide
  • Crypto News
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Ripple (XRP)
    • Dogecoin (DOGE)
    • Cardano (ADA)
    • Litecoin (LTC)
  • Analysis
  • Blockchain
  • Mining
  • Reviews
    • Brokers
    • Exchanges
  • Regulation
  • Press Release
  • About Us
    • Contact Us
    • Privacy Policy
    • Submit Press Release
  • Disclaimer
  • Cryptocurrency

Santiment: Whales Are on Ethereum Accumulation Spree; Good for ETH Price Going Forward

Solomon Odunayo January 1, 2021 2 min read
Ethereum (ETH) Surpasses $500B, Beats Visa, Crushes Bitcoin Market Dominance Further

Following a rejection around the $750 price region some hours ago, Ethereum (ETH), the second-largest cryptocurrency by market cap, has somewhat regained momentum for higher highs.

A couple of hours ago, ETH experienced an increase in selling pressure. The fact that Bitcoin (BTC), the first and largest digital currency, faced rejection somewhere around the $29,000 price region added to Ethereum’s challenges.


trade now

Read Also: Messari Analyst Says Institutional Investors Will Start Buying Ethereum (ETH) in 2021. Here Is Why

Over the past few days, ETH has not printed a significant upside trend compared to Bitcoin. However, there is still a strong possibility that a positive trend is around the corner for ETH, as the digital currency seems to be on a rapid accumulation.

At the time of publishing, Ethereum (ETH) is trading at $741.28, with about a 2% price increase in the last 24 hours. And it’s worth noting that the price of the cryptocurrency is relatively tending to the Bitcoin price trend.

Whales Are On Ethereum (ETH) Accumulation Spree

According to a crypto analytics platform, Santiment, the number of Ethereum wallets holding over 10,000 ETH has been on the increase over the past two months, which is the result of the current accumulation trend of the digital currency.

Santiment tweeted, “With ETH crossing $750 for the first time in 31 months, we’ve discovered that there are 39 more Ethereum addresses holding 10,000+ ETH compared to just 2 months ago. Meanwhile, the amount of addresses holding 1-10,000 ETH have shrunk over this time.”

With $ETH crossing $750 for the first time in 31 months, we've discovered that there are 39 more #Ethereum addresses holding 10,000+ $ETH compared to just 2 months ago. Meanwhile, the amount of addresses holding 1-10,000 $ETH have shrunk over this time. https://t.co/H2bp5UHRaV pic.twitter.com/Tr7wiYsUO7

— Santiment (@santimentfeed) December 31, 2020

Read Also: Analyst Claims Ethereum (ETH) Is Poised to See Further Price Upside

Although this accumulation has not significantly impacted the price of ETH, there is a possibility that it will aid its positive price trend going forward.

Additionally, it may take a few weeks to understand the impact and longevity of this trend, but it’s obviously a bullish sign for ETH’s near-term outlook.


Follow us on Twitter, Facebook, Telegram, and Download Our Android App.

Trade Now

HeraldSheets.com produces top quality content for crypto companies. We provide brand exposure for hundreds of companies. All of our clients appreciate our services. If you have any questions you may contact us easily with Herald Sheets Facebook Messenger App. Cryptocurrencies and Digital tokens are highly volatile, conduct your own research before making any investment decisions. Some of the posts on this website are guest posts or paid posts that are not written by our authors and the views expressed in them do not reflect the views of this website. Herald Sheets is not responsible for the content, accuracy, quality, advertising, products or any other content posted on the site. Read full terms and conditions / disclaimer.

Continue Reading

Previous: Cardano (ADA) Aims for Highest Weekly Close Since 2018
Next: Bittrex Announces the Delisting of Monero (XMR), ZCash and Dash without Definite Reason

Related Stories

Crypto Safety And Transparency At The Forefront Of Australian Senator’s Proposed Bill
3 min read
  • Blockchain
  • CBDC (Central Bank Digital Currency)
  • Crypto Trading
  • Cryptocurrency
  • Decentralized Cryptocurrency Exchange (DEX)
  • News
  • Regulation
  • Stablecoin

Crypto Safety And Transparency At The Forefront Of Australian Senator’s Proposed Bill

March 30, 2023
DeFiLlama is Facing an Internal Disagreement on the Matter of Forking the Blockchain Project
3 min read
  • Blockchain
  • Cryptocurrency
  • DeFi (Decentralized Finance)
  • News

DeFiLlama is Facing an Internal Disagreement on the Matter of Forking the Blockchain Project

March 30, 2023
Goldman Sachs Names Bitcoin the Best Performing Asset as Per Year-to-Date Evaluation
3 min read
  • Bitcoin (BTC)
  • Cryptocurrency
  • News
  • On-chain Data & Analysis
  • Price Analysis

Goldman Sachs Names Bitcoin the Best Performing Asset as Per Year-to-Date Evaluation

March 30, 2023

Top 10 Crypto

Name Price24H (%)
bitcoin
Bitcoin (BTC)
$28,278.00
-0.10%
ethereum
Ethereum (ETH)
$1,789.25
-0.58%
tether
Tether (USDT)
$1.00
0.00%
binancecoin
BNB (BNB)
$315.40
-0.20%
usd-coin
USD Coin (USDC)
$1.00
0.06%
ripple
XRP (XRP)
$0.54
-0.59%
cardano
Cardano (ADA)
$0.376434
-1.57%
dogecoin
Dogecoin (DOGE)
$0.074879
-1.05%
binance-usd
Binance USD (BUSD)
$1.00
0.19%
polkadot
Polkadot (DOT)
$6.09
-1.42%

Recent Posts

  • Priority Trading Review (Priority-Trading.Com) – Is Prioritytrading Scam Or A Proper Broker?
  • Crypto Safety And Transparency At The Forefront Of Australian Senator’s Proposed Bill
  • DeFiLlama is Facing an Internal Disagreement on the Matter of Forking the Blockchain Project
  • Goldman Sachs Names Bitcoin the Best Performing Asset as Per Year-to-Date Evaluation
  • Cardano’s Rising TVL Value Fails to Pump ADA Price
  • Congressional Hearing On Cryptocurrency Policy Puts SEC Chief Gary Gensler On the Hot Seat
  • DWF Labs Invests $40 Million In Fetch.ai To Deploy Decentralized Machine Learning
  • Hydra Ventures DAO Fund Raises $10M In New Funding Round
  • FTX’s $45M Bankruptcy Asset Sale Delays Embed Divestment Process
  • MetaMask Warns Users Of Fake Airdrop Rumors
  • Microsoft is Testing a Built-in Crypto Wallet for its Edge Web Browser
  • YouTube Influencers to Face Class Action Lawsuit for Promoting FTX
  • Singaporean Women Outperforms Men In Crypto Gains – Survey
  • Modification Of Crypto Banking Rules Possible If Market Reacts Strongly – Basel Committee Chair
  • Irene Zhao’s Crypto Social App Announces Fresh Fund Raise Of $4.5 Million 

Categories

You may have missed

Priority Trading Review (Priority-Trading.Com) – Is Prioritytrading Scam Or A Proper Broker?
4 min read
  • Cryptocurrency Brokers
  • Reviews

Priority Trading Review (Priority-Trading.Com) – Is Prioritytrading Scam Or A Proper Broker?

March 30, 2023
Crypto Safety And Transparency At The Forefront Of Australian Senator’s Proposed Bill
3 min read
  • Blockchain
  • CBDC (Central Bank Digital Currency)
  • Crypto Trading
  • Cryptocurrency
  • Decentralized Cryptocurrency Exchange (DEX)
  • News
  • Regulation
  • Stablecoin

Crypto Safety And Transparency At The Forefront Of Australian Senator’s Proposed Bill

March 30, 2023
DeFiLlama is Facing an Internal Disagreement on the Matter of Forking the Blockchain Project
3 min read
  • Blockchain
  • Cryptocurrency
  • DeFi (Decentralized Finance)
  • News

DeFiLlama is Facing an Internal Disagreement on the Matter of Forking the Blockchain Project

March 30, 2023
Goldman Sachs Names Bitcoin the Best Performing Asset as Per Year-to-Date Evaluation
3 min read
  • Bitcoin (BTC)
  • Cryptocurrency
  • News
  • On-chain Data & Analysis
  • Price Analysis

Goldman Sachs Names Bitcoin the Best Performing Asset as Per Year-to-Date Evaluation

March 30, 2023
Copyright © All rights reserved. | DarkNews by AF themes.
  • RelevantRelevant(REL)$0.825.35%
  • TadpoleTadpole(TAD)$7.32-1.74%
  • SEENSEEN(SEEN)$2.05-2.27%
  • EvedoEvedo(EVED)$0.082301-0.80%
  • MarginswapMarginswap(MFI)$0.184213-2.11%
  • SakeTokenSakeToken(SAKE)$0.0127135.28%
  • WTF TokenWTF Token(WTF)$0.0113500.17%
  • BNSD FinanceBNSD Finance(BNSD)$0.005461-5.83%
  • RobotinaRobotina(ROX)$0.00266138.50%
  • CageCage(C4G3)$0.005010-3.67%