Ethereum Whales Have Bought Over 600,000 ETH In The Past Week – Time For A Price Upswing?

Quick Summary:

Whales have accumulated over 600,000 Ethereum in the past week, signaling strong buying activity from big players.  This accumulation trend is a stark contrast to the cautious behavior of retail investors, many of whom continue to sell amid fear and uncertainty.

Related Reading: Can Bitcoin Hold $97K? – 1-3 Month Holders’ Data Reveals Crucial BTC Demand The recent price action has amplified fear and uncertainty among retail investors, with many continuing to sell amid the market turbulence.

The divergence between whale accumulation and retail selling suggests that large investors remain optimistic about Ethereum’s long-term prospects, even as short-term price action remains shaky.

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Article Details

Author / Journalist: Sebastian Villafuerte

Category: Crypto

Markets: United Kingdom

Topics: Ethereum ETH Ethereum Ethereum price Ethereum Bullish Signal Ethereum accumulation Ethereum Whales ETHUSDT Ethereum Analysis Ethereum news

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-13 @ 04:00:28 (14 hours ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 644 words

Reading Time: 4 minutes read

Sentences: 69 lines

Sentence Length: 10 words per sentence (average)

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Copyright Owner: © NewsBTC

News ID: 26111718

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Main Topics: Crypto

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