Ethereum Whales Spend $185 Million To Accumulate 70,000 ETH, Time To Buy?
Summary
Ethereum has increased by 13% in the past week, outperforming Bitcoin's 5.8% rise. Large Ethereum holders, or whales, have been actively increasing their holdings, with on-chain data indicating that at least 70,000 ETH have been added to wallets since last week. The number of wallets holding 10,000 ETH or more has risen to 925, marking an increase of seven wallets. Ethereum whale activity has surpassed $29 billion in transactions over the past week, with a significant inflow of 515,520 ETH recorded on September 23, a 440% increase from the previous day. Currently trading at $2,626, Ethereum aims to break above $2,700, potentially leading to a target of $3,000 in October.
