As per on-chain data surfacing over the crypto horizon, two prominent whales appear to be on a buying spree, accumulating Ethereum at price dips. These whales have previously been observed accumulating ETH at price lows, thereafter selling them at price highs, nabbing noteworthy profits. Meanwhile, as the accumulations emerge amid the token’s price plunge, market sentiments for Ethereum are taking a thrilling twist, hinting at bolstered prices shortly ahead. Meanwhile, the whale 0x347 was noted, accumulating ETH during last year’s bear market, further depositing it to CEXs amid price rises. Also Read: Oaktree Co-Founder Deems Bitcoin And Gold Equals In Intrinsic Value DebateThe post Ethereum Accumulations Soar As ETH Price Slips Below $2,500 appeared first on CoinGape.

Source: The Nation January 19, 2024 15:40 UTC