Ethereum Whales Pile Up Even As Price Stays Below $4,000

According to CryptoPotato, Ethereum's recent momentum has slowed, primarily due to the lull in ETF-related enthusiasm. However, there is a significant accumulation trend among large holders, also known as whales, even as the price of Ethereum remains below $4,000.

The latest data from Glassnode, shared by crypto analyst Ali Martinez, reveals a notable increase in Ethereum addresses containing 10,000 or more Ethereum. This shift from distribution or selling to accumulation suggests that whales are confident in the long-term potential of the altcoin and are choosing to increase their holdings in anticipation of future gains.$ETH #Ethereum