https://decrypt.co/55213/analyst-gives-three-reasons-why-1-6-billion-in-eth-just-left-exchanges
Analyst Gives Three Reasons Why $1.6 Billion in ETH Just Left Exchanges
Tim Hakki(C)
Jan 25, 2021

"The exodus started on Tuesday, when there was 16.6 million ETH held in exchanges, meaning that $1.6 billion has left exchanges.

Pedro Febrero, an analyst at Quantum Economics, told Decrypt that there could be three reasons that explain why so much ETH was drained from exchanges.

1. Ethereum has returned to being locked in DeFi,” said Febrero, in reference to crypto staked in decentralized finance smart contracts.

2. The number of ETH locked in the beacon chain (PoS) grew by more than 320% since December 2020.” Febrero, here, is talking about ETH locked up in the smart contracts for ETH2.0, the next generation upgrade to the Ethereum blockchain

3. Institutional investors and smart money, like Grayscale investors, are accumulating Ethereum "

Next target for eth is $2000. It will hit $5000 by year end. Eth is next big thing after BTC and one eth 2.0 is out, there will be no stopping for eth.

It looking realistic scenario for ETH in long term now it has more high chance to gain more value in future. Recent data showing big investors are accumulating on all level and storing them into cold wallet soon this will put huge impact on the price and push this towards into more high level.

@safar1980 wonderful catch and post that warning on the time it's much appreciated so it would help a lot so many people to stay away from these phishing links to save their hard money. So many scammers are active in the forum and trying to steal the money with these kind of tricks.

Ethereum seems to be getting stronger and stronger. I think now with the successful 2.0 upgrade it will go further from strength to strength. It was a struggle to get it launched but now that all seems to going well it is in a good position. To think ETH fell to below $90 in 2020 and just hot its all time high of over $1400. A great investment for those that bought in to this at the right time.

At this rate ETH might be breaking through the $2000 barrier within weeks. Well done to the team for getting a successful 2.0 launched and for fixing many issues the original code had with regards to expansion when load on the blockchain would be heavy.

https://twitter.com/cz_binance/status/1355892261632937989?s=20

"Throw back to a photo 7 years ago, 2014."

VitalikButerin & cz_binance

Ladies and gents, we've got a new ATH!
Let's see if we can get rid of weak hands and keep the momentum. Overall picture is bullish.

I like what CZ tweeted:

Without @VitalikButerin there may not be ERC20 tokens
Without ERC20, there may not be ICOs
Without ICOs, there may not be #Binance
Without Binance, there may not be #BSC

Look how far forward the crypto world has changed since 2014...

I strongly believe that by the year end, eth will be $4000.
We may see some short time price fall during this period but as more news and updates about eth2 comes out, eth will go to my predicted level.