Leading cryptocurrency analyst Ali Martinez flagged on Sunday the “final hurdle” Ethereum (CRYPTO: ETH) must clear before entering a bull market.
ETH Whales on Accumulation Spree
Martinez highlighted a sharp spike in whale activity on X, with ETH transactions valued at $1 million surging by a whopping 500% over the week.
Buying activity dominated, with “large holders” accumulating more than 320,000 ETH over the past week, worth over $847 million at current prices.
ETH Needs to Breach This Level
Martinez noted that Ethereum is facing a “major supply wall” between $2,722 and $2,822, where over 13.3 million ETH previously traded
“Once ETH decisively clears this zone, the next hurdles near $2,970 and $3,366 are comparatively smaller,” the analyst stated.
Buterin’s Grand Vision
Amid these price analyses and predictions, Ethereum co-founder Vitalik Buterin floated a broader vision—the network evolving into a "cryptographic world computer," a hybrid system that merges blockchain with modern cryptography for better scalability, privacy and efficiency.
Buterin expected Ethereum’s upcoming Hegota upgrade to be the network’s last “normal” hard fork, using features and technology familiar to early users.
“Starting after Hegota, this transformation becomes Ethereum’s primary story,” he added.
Last week, Buterin expressed optimism about the "huge amount of progress" in Ethereum, both at the protocol and application levels.
He noted that the blockchain is gradually transforming from just a blockchain into a "much bigger" network with multiple layers.
Price Action: As of this writing, ETH is down 2.10% in the last 24 hours to $2,649.34, according to Benzinga Pro.
Photo Courtesy: Alexey Smyshlyaev on Shutterstock.com
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