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#ETH Whales Accumulate Ethereum Whales Returned with Millions of Dollars, Price Started to Rise!
In recent hours, two large Ethereum (ETH) transfers have brought whale activity back into the spotlight.
Data indicating that large investors, referred to as whales in the cryptocurrency market, have begun accumulating Ethereum (ETH) has redirected attention back to ETH in the market. According to the latest data, two significant transfers occurred in the last 6 hours. Particularly, the withdrawal of ETH from exchanges by large-scale wallets is creating new bullish expectations among investors.
A whale wallet with the address 0xF436 made a total withdrawal of 5,631 ETH (, approximately 20.91 million dollars ) from cryptocurrency exchanges in the last 6 hours. It is stated that these transfers may have been made for the purpose of collecting Ethereum. Not only this whale; another newly created wallet, 0x526D, also recently attracted attention by withdrawing 3,000 ETH (, approximately 11.17 million dollars ) from an exchange.
These large-scale movements indicate that institutional or individual large investors' interest in Ethereum has been revived. It is known that whale transfers usually create a positive expectation for prices in the medium to long term. With the latest data, it is thought that the price of Ethereum and the activity on its network may increase in the coming days.
The rise has started again.
Amidst all this whale activity, the price of Ethereum has increased by 5.6% in the last 24 hours, rising to the level of 3,821 Dollar. The movement of the market's major players could be a harbinger of a new bullish trend for ETH.
IT IS NOT INVESTMENT ADVICE