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In the last few days Ethereum is performing great.
ETH went recently in the 1700.00 $ region and it looked like it couldn't recover but very quickly ETH went back in the 2K region.
WHY ETH GAINED BACK?
Well one of the reasons is ETH will have a major protocol upgrade in July AKA the London Hard Fork.
WHAT IS IT?
It is one of the phases that ETH needs to go through to upgrade and go closer to ETH 2.0.
Especially the update of EIP-1559 is very important: THE GAS FEE!
Gas fee can be very high on ETH, especially if you use the Uniswap or Sushiswap app.
So it is a change for the better.
On the twitter account @whale_alert there was a lot of activities in the last few days.
There were a lot of big purchases of BTC, WBTC, MATIC and ETH of course!
So it looks like some institutions are interested in ETH and especially if it under 2K.
ETH is definitely bullish, it is not a buy right now, I would wait for a retest of this zone before buying some.
ETH and DeFi are the next big thing in my humble opinion.
The potential of ETH is huge.
HODL Ethereum is just a very smart choice (to stake it even better!)
PLEASE REMEMBER
DO YOUR OWN RESEARCH before investing your money.
PS: I’m not a financial advisor, never invest all your money in crypto
