US EditionWhale Accumulation Hits Six-Year High As Ethereum Eyes $4K Breakout
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Whale Accumulation Hits Six-Year High As Ethereum Eyes $4K Breakout
Ethereum whales acquired almost 1 million ETH on a single day, which was the largest one-day aggregation since 2018. Exchange reserves remain at multi-year lows, with staking and long-term holding rising. A surge above $2,700 might signal a surge towards $4,000; however, rejection could give rise to a revisit of the 2,000 level. On-chain data shows that Ethereum whales took out almost 1 million ETH on a day, the largest daily acquisition since 2…
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