Is it too late to invest in Ethereum?

Amid the massive bullish move by the vast number of assets in the cryptocurrency industry, Ethereum (ETH), as the second-largest cryptocurrency by market capitalization, is no exception, having rallied over 10% in the last seven days alone. So, is it too late to invest in it?

Timeline of Ethereum

An early Ethereum (ETH) whale appears to have woken up from a multi-year slumber. Data from crypto tracker Lookonchain reveals that the deep-pocketed investor deposited 39,260 ETH worth $87.5 million to the crypto exchange Kraken on Monday after being dormant for five years. The whale received 47,260 Ethereum worth $11.

The journey towards the approval of an Ethereum ETF in the United States has seen a new development yesterday as the US Securities and Exchange Commission (SEC) has announced a delay in the decision for Grayscale's Ethereum trust conversion into a spot Exchange Traded Fund (ETF). The SEC has stated the need for an extended period to evaluate the proposed rule change, pushing the new deadline Grayscale to January 25, 2024.

Grayscale Ethereum Spot ETF delayed by the SEC again, extending the deadline to January 25, 2024. Grayscale Ethereum Trust is the largest Ethereum investment vehicle globally, representing 2.5% of all circulating ETH.

Societe Generale (OTCMKTS: SCGLY) announced the issuance of its first-ever digital green bond on the Ethereum public blockchain in the form of a Security Token. What Happened: SG-Forge, Société's subsidiary, registered the bond worth around $11 million, and it went live on Nov. 30, 2023.

After five years, a dormant ether (ETH) wallet was activated, transferring approximately $90 million worth of ETH to the cryptocurrency exchange Kraken. This movement was detected early Tuesday by the on-chain analytics tool Lookonchain.

A closely followed crypto analyst is outlining his next Ethereum (ETH) price target, saying that the top altcoin has more potential to expand, while updating his outlook on Bitcoin (BTC).

Société Générale (SocGen), France's third-largest listed bank, made its foray into blockchain-based financial solutions by issuing its first digital green bond — amounting to €10 million — on a public blockchain, as per a Dec. 4 press release.

A crypto analyst has explained how the range around $2,000 could become a major Ethereum support base for years, making it not too late to buy ETH right now. 43.8 Million Ethereum Was Acquired Between $1,900 And $2,100 In a new post on X, analyst Ali has discussed about why Ethereum could still be worth getting into at this point.

Crypto analysts are suggesting that Ethereum's upward momentum might continue, especially after breaking past the $2,200 resistance. Renowned analyst Ali Martinez highlights a significant observation: a considerable volume of 43.8 million ETH tokens were acquired within the $1,900 to $2,100 range by 5.85 million wallets, as per data from IntoTheBlock.

Investors seem content with the current performance of major cryptocurrencies led by prominent assets like Bitcoin and Ethereum. Other leading altcoins have not been sidelined, including tokens like Solana, Cardano, Chainlink, Avalanche, Polygon, and more.