Ethereum Bullish Sentiment Soars as ETH ETF Launch Approaches, Locked Supply Hits 40%

The Ethereum market is witnessing a bullish sentiment as anticipation builds around the launch of the ETH ETF. A substantial portion of Ethereum supply is currently locked, indicating limited selling pressure and a potential price surge. Recently, an unidentified investor moved 6,400 ETH to the Beacon Chain depositor wallet, signaling confidence in Ethereum’s future value.

Source: CoinOtag