According to Santiment’s data, over the past four weeks, there’s been a massive increase of over 3% in Ethereum addresses that hold more than 10,000 ETH.
This can attract further investment, creating a positive feedback loop and propelling the price even higher.If these large holders decide to sell a significant portion of their ETH holdings in a coordinated manner, it could trigger a sudden price drop, causing panic among smaller investorsApart from whale interest, another factor that could impact Ethereum significantly would be the developments occurring on the network.
PeerDAS refers to a planned modification to the Ethereum network’s communication system. This would allow nodes to process and validate larger amounts of user data.
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