So what happens to eth price after december 1? Will it drop or go up?
Probably eth will make another bullish price if Eth 2.0 will be launched on December 1. This upgrade of Ethereum will improve the performance of the network. I am also surprised there are already many eth staked before the launch but this explained why there are already 500,000 ether moved because they went live last Nov. 4.
Well, it was confirmed and ready on the 1st day of December and will proceed to that 2.0 version of eth.