Ethereum's price shows potential for reaching the $3,000 mark, driven by the accumulation of 500,000 ETH by whales since August 2. This accumulation indicates confidence in Ethereum's future price increase among major stakeholders.
Additionally, recent spikes in active addresses suggest heightened interest and activity in the Ethereum network. Another positive sign is the significant reduction in gas fees, which have hit a 5-year low, making transactions more affordable and accessible for users.
These factors combined create an optimistic outlook for Ethereum, with analysts closely watching its price movement and network activities.
