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<p>Ethereum’s price has climbed to $2,349 this week, its highest level since June 2022, according to <a href="https://twitter.com/santimentfeed/status/1732813703777820883" target="_blank" rel="noopener noreferrer nofollow">crypto analytics firm Santiment</a>. The long-term trend of top non-exchange Ethereum whale wallets getting richer while top exchange whale wallets have less selling power “is a promising combo for a continued climb,” Santiment stated.</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="684" src="https://captainaltcoin.com/wp-content/uploads/2023/12/image-189-1024x684.png" alt="" class="wp-image-394007" srcset="https://captainaltcoin.com/wp-content/uploads/2023/12/image-189-1024x684.png 1024w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-189-300x200.png 300w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-189-767x512.png 767w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-189-1536x1026.png 1536w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-189-2048x1368.png 2048w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-189-225x150.png 225w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-189-100x67.png 100w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-189-524x350.png 524w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-189-788x526.png 788w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-189.png 900w" sizes="(max-width: 1024px) 100vw, 1024px">
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<p><em>Source: <strong><a class="thirstylink" rel="noopener noreferrer nofollow" target="_blank" title="Santiment" href="https://captainaltcoin.com/go/santiment/" data-shortcode="true">Santiment – Start using it today</a></strong></em></p>
<p><strong>Signs of Renewed Investor Interest</strong></p>
<p>On-chain data indicates renewed investor interest in Ethereum. According to <a href="https://twitter.com/spotonchain/status/1732957800916275525?t=tP42YBx64B9tUa6sGonfdQ&amp;s=19" target="_blank" rel="noopener noreferrer nofollow">crypto intelligence company Spot On Chain,</a> major crypto investment firms HashKey Capital and QCP Capital have accumulated over $45 million worth of ETH from exchanges in the past few days.</p>
<p>Specifically, Spot On Chain noticed that an Ethereum wallet likely associated with HashKey Capital withdrew 7,832 ETH worth $18.2 million from Binance and OKX exchanges at an average price of $2,323 over the past 19 hours. Over the last three days, this wallet has accumulated 16,838 ETH totaling $38.1 million.</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="627" src="https://captainaltcoin.com/wp-content/uploads/2023/12/image-190-1024x627.png" alt="" class="wp-image-394015" srcset="https://captainaltcoin.com/wp-content/uploads/2023/12/image-190-1024x627.png 1024w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-190-300x184.png 300w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-190-768x470.png 768w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-190-1536x940.png 1536w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-190-2048x1254.png 2048w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-190-245x150.png 245w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-190-100x61.png 100w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-190-572x350.png 572w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-190-788x482.png 788w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-190.png 900w" sizes="(max-width: 1024px) 100vw, 1024px">
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<p>In addition, Spot On Chain found that QCP Capital has accumulated 1,349 ETH totaling $3.16 million from Binance and FalconX exchanges at an average price of $2,340 over the past 6 hours. Over the past five days, QCP Capital has accumulated 4,927 ETH worth over $11 million.</p>
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<p>This significant ETH accumulation from major crypto institutions signals renewed confidence in Ethereum’s long-term potential. As prices reach 18-month highs, large investors appear to be stocking up on ETH in anticipation of further gains. With whales continuing to build their positions, Ethereum’s price uptrend looks poised to continue.</p>
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<p>The post <a href="https://captainaltcoin.com/ethereum-on-chain-data-promising-as-eth-reaches-18-month-highs-amid-whales-accumulating-over-45-million-in-5-days/" rel="noopener noreferrer nofollow">Ethereum On-Chain Data Promising as ETH Reaches 18-Month Highs Amid Whales Accumulating Over $45 Million in 5 Days</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Ethereum On-Chain Data Promising as ETH Reaches 18-Month Highs Amid Whales Accumulating Over $45 Million in 5 Days

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