Ethereum price hits 8-month high above $1.9k as sharks accumulate $4.2B of ETH
Ethereum Ang presyo ng Ethereum ay umabot sa 8-buwan na mataas sa itaas ng $1.9k habang ang mga pating ay nag-iipon ng $4.2B ng ETH Ethereum price has crossed above $1,900 for the first time in eight months on Wednesday morning, trading to intraday highs of $1,920 across major exchanges. The bullish move has ETH trading towards the psychological price level of $2,000 – which was last visited in mid-August 2022. Ethereum price breaks above $1.9k According to crypto market intelligence platform Santiment, Ethereums latest price move comes amid a period of intense accumulation by sharks. On-chain data shows Ethereum wallets holding 100-100,000 ETH have added more than 2.27 million Ether coins to their portfolios in the past nine months, accumulating a total of $4.24 billion worth of the token in that period. ETH sharks have been busy since last summer, Santiment analysts tulis out on Tuesday as ETH/USD crossed back above $1,870 for the first time since trading lower in August 2022. Indeed, after losing support at $1,835 on 17 August, Ethereum prices dropped more than 15% in two days to touch lows of $1,603. A 40%+ dump after the FTX debacle had seen ETH prices fall to lows of $1,071 in November (TradingView data on