Ethereum whales may trigger ETH rally, Celestia and Meme Moguls uptrend remain
Ethereum (ETH) remains above the $2,000 support level. A crypto analyst notes that increasing whale activity could trigger the next bull run. Meanwhile, market participants have been tracking Celestia and Meme Moguls, expecting expansions in 2024. Rising whale activity may drive ETH demand Shortly after BlackRock filed for an Ethereum ETF, prices broke the $2,000 resistance line. Thus far, despite the decline in the broader crypto market, ETH is firm above $2,000, further buoyed by increasing whale accumulation. You might also like: Ethereum turns deflationary as validators exit and defi transactions drop 57% Glassnode reported that for the first time in more than nine months, large wallet addresses have been steadily accumulating the coin. Accordingly, experts are bullish on ETH, expecting the coin to retest $2,140. Further gains will likely lift ETH towards $2,500. Celestia bullish On Oct. 31, Celestia launched the worl...