Major players in the market have been buying up and holding ETH like never before. I’m not worried about the future of Ethereum one bit

Ethereum just went below 2k again which is never a good thing. It’s far away from the near 5k levels it was at 6 months ago and I’m seeing some people a bit concerned and other quite frankly panicking.

And while its normal for people to be frustrated at times like these (after all no one likes to lose money), I think that Ethereum investors and fanatics in particular shouldn’t be that concerned.

Aside from the price action being relatively much better than other alts, Ethereum is probably the most reliable out of all chains and will always get the job done at the end of the day.

This is why I’m not too surprised seeing so many whales buying up ETH like its candy. Look at Etherscan and see the top 50 accounts and how much they’re stacking up. BitDAO alone has been adding more than 360 ETH on a DAILY basis and has already accumulated more than $500 million worth of ETH in its treasury.

Seeing all these whales and legitimate projects are stacking up ETH at this ever increasing rate gives me solace and bolsters by belief in Ethereum more and more. This is only a phase and we should be back on track as soon as the market goes green again.