The Name That Doesn't Miss the Opportunities in Ethereum Has Been in Action Again

Cryptocurrency whales continue to invest in the leading altcoin Ethereum (ETH).

According to the post of Blockchain analysis platform Spot On Chain, another whale bought Ethereum from the Binance exchange.

They expect a rise in prices

According to Spot On Chain's statement, an address known as czsamsunsb.eth received 8 thousand 310 Ethereum from Binance today morning.

The same name gained 193 ETH while the liquid staking protocol Renzo's token, Renzo Staked ETH (EZETH), lost value. Renzo Staked ETH, which is pegged to the Ethereum price, lost value due to the intense selling pressure after the airdrop.

It has been observed that many investors, including Tron's founder Justin Sun, have purchased Ethereum in the last twenty-four hours.

According to CoinGecko data, Ethereum has lost 5% of its value in the last 24 hours and is changing hands at $3,320.

ETFs in the USA are almost here

Analysts expect spot Ethereum ETFs in the US to be established next week.

The U.S. Securities and Exchange Commission (SEC) approved the 19b-4 filings last month. In order for ETFs to be established, S-1 files must also be approved.

Many issuers have submitted updated versions of their S-1 filings to the SEC. Bloomberg ETF Analyst Eric Balchunas said that spot Ethereum ETFs could be established on July 2.