Ethereum ($ETH) whales have steadily increased their holdings, now controlling 43% of the circulating supply. This accumulation has accelerated since Ethereum's Shanghai upgrade in early 2023. Despite Ethereum's year-to-date performance lagging behind Bitcoin, some analysts predict a possible surge by the end of 2024, mirroring past trends. If Ethereum follows its historical pattern, it could see significant gains, with forecasts suggesting a potential rise to over $30,000 in a future bull market. #Ethereum #Whales #Crypto #ShanghaiUpgrade