Ethereum will rise to $4,000 before the end of the first quarter

Analyzing the performance of the Ethereum cryptocurrency, analysts talk about a possible increase in the price of the coin by 50% by the end of March 2022.

It is no secret that this altcoin dominates the TVL, DeFi, NFT space. It is also actively traded on stock exchanges. Moreover, whales use every opportunity to buy ETH during a falling market.

Statistics indicate that the whales continue to move coins to non-exchange addresses. The ten largest of them currently hold over 24.31 million ETH. This is 5 times more than on the ten largest exchange ares.

There is also a high level of address activity on the network. This figure is the highest since August 2021. The number of wallets holding more than 0.1 ETH has risen to the new ATH (maximum) of 6.86 million.

Hardfork London achieved its goal. According to scientists from Duke University, the waiting time for a transaction using EIP-1559 is reduced.

All these indicators in total make it possible for experts to predict the growth of cryptocurrency not only by the end of the first quarter, but also further throughout 2022. In many ways, this will be facilitated by the launch of ETH 2.0, which will raise the price of the asset to new heights.

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