Ethereum (ETH) continues to rise in popularity in the crypto space as its current bull run has seen the cryptocurrency reach new record-highs. ETH is now a stone’s throw away from the $2,000 mark as it surged past the $1,900 mark.
New data by Santiment reveals that the number of whale addresses holding at least $10,000 ETH ballooned to 1,287 on Valentine’s Day and this has been pivotal in triggering an uptrend for Ether. The on-chain data provider explained:
“Ethereum answered Bitcoin’s All-Time High today with one of its own, crossing $1,900 for the first time in its ~6 year history. The number of whale addresses (holding 10k+ ETH) ballooned to 1,287 on Valentines Day, foreshadowing this achievement.”
ETH is currently trading at $1,896 with a market capitalization of $218 billion, according to