Ethereum will launch up to $ 500+ soon, says an analyst

Glassnode claims that consumers have increased their Ethereum deposits to stock exchanges.

Blockchain analyst firm Glassnode reports a large increase in ETH exchange deposits over the past 24 hours.

Meanwhile, popular analyst ‘Crypto Michael’ expects the price of Ethereum to break the $ 500 level in the short term.

According to data shared by Glassnode, in the last 24 hours, the number of ETH deposits to cryptocurrencies has increased by more than 30% or 172,438 deposits to 566,500.