CEO of the on-chain analytics company CryptoQuant has taken to Twitter to say that data leads him to believe crypto whales seem to reckon that Ethereum may remain above $3,000 in the long term.
Thus, they have resumed sending ETH deposits to the Ethereum 2.0 contract.
According to the chart published by the CEO Ki Young Ju, today a whopping 95,392 ETH was deposited to the Ethereum 2.0 contract. That is $290,923,659 in fiat.
Now, the ETH 2.0 deposit contract contains 5.84 percent of the total Ethereum supply.
The CryptoQuant chief says that whales have resumed staking their ETH. They seem to believe that the second biggest crypto will remain above the $3,000 level in the long term.