Smart money is accumulating Ethereum even as traders warn of a drop to $2.4K

The upcoming Ethereum merge is one of the most widely discussed topics in the crypto sector and analysts have a wide range of perspectives on how the transition to proof of stake could impact Ether's price.A deeper dive into the ongoing accumulation of Ether by whale wallets was provided by cryptocurrency intelligence firm Jarvis Labs, whichEther whale holding change. Source: Twitter

The color of the dots relates to the price of Ether, with the chart showing that whale wallets began decreasing their holdings when the price was above $4,000 and they didn't start to reaccumulate until after the price dropped below $2,300.“Whales are continuing to accumulate Ether, their accumulation remains in sideways-to-uptrend.”where red dots indicate that both whale wallets and smaller wallets have seen an increase in accumulation.

According to Delphi Digital, the current bullish"ultrasound money" and"Merge" narratives surrounding Ether might be just the thing to help Ether break free from its correlation to Bitcoin price action.“The interest in “post-Merge” Ether is only going to get stronger from here, especially as more people recognize the opportunity to earn higher real yields denominated in a deflationary asset.

Source: Digital Coin News (digitalcoinnews.net)

How does price keep stopping while accumulating more and more?

ETH at best value to buy the dip and HODL

You can’t be that smart if you buying that scam coin

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