Ethereum: The hour of capitulation has come!

In these effervescent times in the crypto universe, investors’ attention inevitably focuses on Ethereum. Just as thunder announces the arrival of a storm, recent events and numbers seem to mean that a great storm is in the works. Decryption

Concentration of power or prudent strategy?

Ethereum is plunging and the crypto community is in turmoil. The recent tweet pointing out that the ten largest addresses on the Ethereum network hold more than 35% of the available supply has drawn strong reactions. Moreover, it caused a stir.

Some see it as a sign of centralization. However, others see this as the stampede of retail investors, shaken by the recent decline. Moreover, this vision is reinforced by another notable fact. Among the whales of Ethereum, some have injected nearly $94 million in ETH in a single week.

Is it a renewed confidence in the future of this crypto or a more pragmatic strategy, linked to market forecasts?

Analysts scrutinize every move, every decision, and recall that just a few days ago, a major whale was selling $41 million worth of ETH crypto. All this in a context where the price of an Ether is currently hovering around $1,671.

The uncertain future of crypto in the United States

If the whales show signs of intense activity, the situation across the Atlantic regarding Ethereum is much less rosy. Indeed, access to ETH staking is becoming more and more complex, especially because of US regulations.

Bitstamp, a major UK-based exchange, has announced the imminent shutdown of its Ethereum staking service for its US customers.

Furthermore, the Ethereum ETF application filed by ARK Invest adds a new dimension to this equation. If the US SEC gives the green light, it could be a breath of fresh air for Ethereum.

Currently, the probability of such approval is estimated at 75%. The crypto sector is watching for any of these decisions, knowing that they could significantly affect the future of Etherrum in the United States.

Towards what horizon is Ethereum sailing?

Ethereum is going through a period of uncertainty. Between the massive movements of whales and regulatory issues in the United States, it is difficult to predict the near future. Does the massive accumulation by some large holders mean that a rise is to be expected or that the crypto is on its way to a rebound? The markets, in time, will reveal the next act in this fascinating crypto odyssey. Stay tuned. Besides, for a broader understanding of the current crypto landscape, I invite you to read this report on the USDT crisis.