Ethereum Whales Accumulated More than 700,000 ETH in Three Weeks

Ethereum whales have reportedly purchased more than 700,000 ETH in the past three weeks, according to BlockBeats. The total amount of these acquisitions is estimated to be around $2.45 billion. The information was tracked and reported by on-chain analyst Ali Charts.

The significant Ethereum accumulation of these large-scale investors indicates strong confidence in the future of the cryptocurrency. Despite the volatile nature of the crypto market, these whales appear to be betting on the long-term value of Ethereum.

It is important to note that the actions of whales can have a significant impact on the Ethereum price. Large-scale purchases can increase prices, while large sales can cause prices to decrease. Therefore, the recent buying spree by Ethereum whales could potentially signal a bullish trend for the cryptocurrency.$ETH