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The number of whale addresses (those holding at least 10,000 ETH (-0.7%)) jumped to a 13-month high of 1,103 on Saturday, according to on-chain data from blockchain analytics firm Glassnode. More than 35 whale addresses have been created this month alone, and 75 since mid-November.
More than $1.5 billion of ETH left exchanges this week.
An analyst explains that it could have gone to DeFi, ETH2.0 staking snapped up by large investment firms.
But his analysis still leaves some mysteries unanswered. Is ethereum going to $3000 my ethereum price prediction target.