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, Ethereum’s 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.
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