The increase in the price of Ethereum is evidenced by two main factors: Currently, 75% of investors in ETH are counting unrealized profits; A small number of Ethereum owners bought coins at prices ranging from $2,102 to $2,350. IntoTheBlock employees believe that traders will not begin to take profits en masse until the Ethereum price rises to $2,500. Accordingly, it will not be difficult for the bulls to push the asset price to this level. Analyst Ali Martinez drew attention to another interesting fact. Large whales practically did not take part in the bullish rally that started in the ETH market on October 20. This is evidenced by a decrease in the number of wallets that contain at least 10,000 ETH ($20.5 million at the current exchange rate). Historical data suggests that after moneybags begin to actively buy Ethereum, the price of the cryptocurrency will increase exponentially.

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