Krutika Adani
A mysterious whale has accumulated over 18,000 ETH worth $59 million, a move that could mark Ethereum’s shift from undervaluation toward fair value, estimated between $5,000 and $20,000.
Factors include upcoming Ethereum upgrades, the Biden administration’s crypto policies, struggling Ethereum ETFs, and rising competition from memecoins
Ethereum commands 55% of the DeFi market’s total $109 billion.
Ethereum is the backbone of new-age applications, including RWA-based liquidity funds and decentralized GPU-sharing projects like Render.
Ryan Sean Adams of Bankless suggests a fair ETH value of $10,000, while Julien Biitel estimates $20,000 by 2025.