Ethereum whales dive in: Long-term recovery or short-term spike?

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Whales exhibited considerable interest in ETH, in addition to retail investors, as they both began accumulating large quantities of ETH.

stagnated for quite some time below the $3,200 level mark, however, a recent resurgence in interest has pushed ETH past its previous price levels.As per Lookonchain’s data, a significant whale persisted in purchasing ETH and entering long positions in the ETH/BTC trading pair.

Addresses holding anywhere between 0.001 to 1 ETH had started to accumulate large amounts of ETH, according to AMBCrypto’s analysis of Santiment’s data.

 

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