Another whale withdrawal indicates Ethereum surge: $5,000 target in sight?
A smart whale withdrew $7,000 ETH (worth $26.7 million) from Binance today, and now holds up to $36,785 (140 million) in ETH. With a profit of about $76 million, the whale began to hoard coins with a strong bullish sentiment.
The price of Ethereum rose by 25% in May, and the current ether trading price is 3814, and the 4,000 target is within reach. Large-scale withdrawals usually indicate confidence in further increases, reducing the market's selling pressure and suggesting explosive growth. I hope the Ethereum Foundation will not come out to sell value coins this time😂