The likelihood of Ethereum reaching $4,000 is enhanced by the most affluent group of Ethereum holders. As per the blockchain data analysis platform Santiment, the amount of Ethereum held by entities with balances ranging from 10 million to 100 million Ethereum has grown by around 0.5% since May 20, when rumors about the US Securities and Exchange Commission (SEC) started circulating. The process of reconsidering the denial of the Ethereum ETF has commenced.
