At the end of last week, ether was trading below $1800, but a few days ago, the altcoin began to gain in value.
On the night of Thursday, April 6, the rate of ETH strengthened to $1910. Analysts believe that a new burst of buying activity will push the cryptocurrency above $2,000.
A local peak was formed around $2100. Most likely, as sellers will become more active as they approach this mark. But for now, most average investors are sticking to hoarding tactics, as evidenced by Santiment data.
Addresses controlling between 100 and 10,000 ETH bought 2.27 million ether in nine months, spending more than $4.3 billion on this volume of cryptocurrency. Such investors are called sharks by experts.
According to experts, the sharks will be able to refuse to sell ether even if the whales start selling it.
According to Lookonchain, wallets controlling more than 10,000 ETH are preparing to reset. It will most likely take place when the altcoin exceeds $2,000. Whales have already started to fund exchange wallets.
One large transfer caught the attention of researchers. 75,311 Ether worth $144 million was transferred to the Bitfinex platform. His example may be followed by other investors in the coming days. The cryptocurrency this whale bought on January 5, 2019, when ether was trading at $156. If selling starts, ETH could fall below $1800.