Santiment: Bitcoin’s growth during this bull run is expected to lead to a reallocation of profits to Ethereum

Santiment has published an analysis stating that the current Ethereum price is around $3,120 and is finally showing signs of growth. For the past eight years, Ethereum has maintained its position as the second-largest cryptocurrency by market capitalization. Whale trading data shows that the activity of key Ethereum stakeholders has significantly increased, and their activity has helped ETH reach a 14-week high. In addition, ETH trading volume has also risen to $10.4 billion in recent days. It is expected that the growth during this bull market period may redistribute profits to Ethereum and may push it to achieve a new all-time high. Furthermore, its network activity appears to be very healthy.