Why the price of Ethereum rose above $ 4500

The increase in the broadcast of the above psychologically important mark of $ 4500 was caused by the actions of large investors disposing of the amounts from 1000 ETH to 100,000 ETH, Santiment’s analysts said.

According to the information provided by the platform, since April, large broadcast owners have increased their reserves by 14%, having acquired a total of 5.54 million ETH. Now they own 42.5 million ETH for $ 186.4 billion – about 35% of the total offer of the second in capitalization of cryptocurrency in the market.

At the same time, the proposal of the second in the capitalization of cryptocurrency on crypto -rhizas is reduced, updating minimums over the past three years. Now the reserves of large sites are estimated at 17.26 million ETH against 28.8 million ETH in September 2022, Santiment experts said.

In their opinion, while maintaining a tendency to reduce the volume of broadcasting on large exchanges, the price of ETH can continue to increase by creating an affordable liquidity deficiency and increasing the interest of investors in the long -term storage of the asset.

Earlier, the co-founder of the Ethereum and CEO of the Consensys blockchain company, Joseph Lubin, said that due to the growth of the popularity of broadcast among large investors, the coin course will grow 100 times from the current mark.

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Source: Cryptocurrency

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