Ethereum whales accumulate $1 billion in ETH: Sign of a rally?

Quick Summary:

Whale investors have accumulated over 280,000 in over five days, fueling speculation about Ethereum's next move.

This surge coincides with Ethereum’s recent price rally and its breakout from the $3,500 resistance level.

The sudden spike in whale accumulation, depicted in the on-chain data, underscores growing confidence among large investors.

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Article Details

Author / Journalist: Adewale Olarinde

Category: Crypto

Markets: United States

Topics: Altcoin Ambcrypto News Trading View News 1 Ethereum Social

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-01 @ 14:00:17 (3 weeks ago)

News Timezone: GMT +8:00

News Source URL: ambcrypto.com

Language: English

Readers: 75 people read this story

Article Length: 502 words

Reading Time: 3 minutes read

Sentences: 32 lines

Sentence Length: 16 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © AMBCrypto

News ID: 24008579

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About AMBCrypto

Main Topics: Crypto

Official Website: ambcrypto.com

Update Frequency: 12 posts per day

Year Established: 2018

Headquarters: United States

News Last Updated: 10 hours ago

Coverage Areas: United States

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