The recent Bitcoin bull run has given Bitcoin some stability at the $34k level; now an Ethereum bull run looks likely.

Whales are interested in Ethereum

     The rise in Ethereum often exceeds the rise in Bitcoin; at this time, some whales are increasing interest in Ethereum. Trackers have found that some whales are investing heavily in Ethereum, leading analysts to speculate on bull prospects in Ethereum.

Shadow Ethereum in Altcoin

     Although Ethereum is not at the forefront of increasing trading among various altcoins, other altcoins always lag behind in comparison to Ethereum. Hence, the rise in altcoins provides fodder for Ethereum bulls. Chainlink is currently doing push-ups.

The virtual effect of the Dencun upgrade

     Ethereum's upcoming upgrade, Dencun, may be implemented in 2024. There has been no enthusiastic reaction regarding this yet, but there seems to be a possibility of a bull run after the upgrade, so investors are getting ready for it now.