Ethereum Outpaces Netflix, Johnson & Johnson in Market Cap — Is a Breakout Imminent? Ethereum on the Rise: Large Transactions Reach 3-Month High

  • Ethereum’s large daily transactions exceed 10,000, the highest since August.

  • ETH market cap now tops Netflix and Johnson & Johnson.

  • Ethereum poised for a breakout, pending rate cuts and yield drops.

Ethereum whales are making large-scale transactions, pushing daily transaction counts above 10,000—the highest since August. This signals strong interest in the Ethereum network as investors anticipate a potential price breakout.

Source: Twitter

This surge in whale activity, a three-month high, suggests growing investor confidence in Ethereum. Moreover, Ethereum’s market cap is now higher than that of major NYSE-listed companies like Netflix and Johnson & Johnson.

Ethereum Price Analysis

On the price front, Ethereum’s native token ETH has taken a breather from its November 12 peak of $3,424. Indicators suggest it could soon reach new all-time highs. Analysts believe potential interest rate cuts and yield drops could make Ethereum more attractive.

Read also: Ethereum 3.0? “Beam Chain” Proposal Aims to Revamp ETH Consensus

Ethereum Whale Activity Hints at Potential Upside

Despite a recent price pause, Ethe…

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