A crypto whale's recent acquisition of 5,000 ETH signals confidence in the market's recovery, potentially leading to a positive trend in ETH prices.


According to BlockBeats, a significant cryptocurrency investor, often referred to as a 'whale,' has acquired 5,000 ETH valued at approximately $11.46 million over the past two days. This purchase was identified through monitoring by Lookonchain.

In November 2022, this whale previously bought 5,200 ETH at an average price of $1,322. The investor later sold these holdings in January 2023, December 2023, and January 2024 at an average price of $2,093, realizing a profit exceeding $4 million.

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