This week, Ethereum is in motion! 🐋 A giant Ethereum whale, which has been silent for eight years, has started selling 398,891 ETH. On November 7, 13,400 ETH was sold in just six hours. These sales came with remarkable timing after the US presidential election.
The price of Ethereum is up more than 8% and experts see a big upside potential. The increase in open interest indicates that a "short squeeze" may occur. This could push the ETH price even higher. 🚀
In addition, spot Ethereum ETFs in the US saw the highest investment inflow in six weeks after Trump's victory. Fidelity and Grayscale funds took the largest share. Ethereum's future looks bright!