Whales Add 190,000 Ethereum In The Last 24 Hours – The Accumulation Continues
Summary
The crypto market is experiencing intense fear, with Ethereum suffering a decline of over 27% in less than five days. Investors are cautious as ETH struggles to maintain key support levels, creating uncertainty about its short-term direction. Despite this, large investors are accumulating ETH, as data from Santiment shows significant purchases by whales in the last 24 hours. This accumulation by institutional players and high-net-worth individuals suggests a potential recovery, as historically, such phases have preceded strong market reversals. For a bullish recovery, Ethereum needs to reclaim levels above $2,500. The coming days are crucial for determining ETH's trajectory.
