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150,000 Ethereum Deposited In ETH Contract Following Merge Despite Bad Price Performance

150,000 Ethereum Deposited In ETH Contract Following Merge Despite Bad Price Performance

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Ethereum investors continue their long-term rally.

Market analyst Ali Martinez revealed on Twitter today that investors had added around 150,000 ETH to the Ethereum staking contract in the week following The Merge, bringing the total amount of ETH staking to a new all-time high of €13.9 million.

That represents an increase of around 400 million ETH since September 5th Crypto Basic reported that around 13.5 million ETH were locked into the contract. The move shows that investors are still bullish on the asset despite weak price performance following the update and uncertainty over when staked ETH will be released for withdrawal.

on Wednesday, Crypto Basic reported that the number of whale holdings had dropped significantly since the Merger, confirming that large investors took advantage of the upgrade to profit from the market.

Ethereum is currently priced at $1,318.38, up 1.74% in the last 24 hours. Martinez had previously predicted that the price of the asset is heading towards the $1,000 price point in the short term.

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