Deposits in ETH 2.0 reached an all-time high on 30 June. This comes after the largest altcoin took a hit in light of the 3AC liquidation. As ETH hovers near the make-or-break level, investors question where willEthereum just had one of the most torrid months since its inception. Still fresh from the Terra scars, it had to undergo the implications of the 3AC crash in June. While the fate of the coin continues to look into the abyss, the anticipated Merge is providing hope to investors.
The aforementioned whale movement was also at its highest during mid-June and has slowed down in the past few days. The social dominance of Ethereum has also surfed at a low point in June. This metric hit the monthly high at the peak of the 3AC/ Celsius crash on 14 June. But, more recently, online chatter about Ethereum has reduced significantly.ETH 2.0 may hit a home run with its accumulation gaining speed.