Ethereum

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/ethereum-whales-stir-market-with-major-acquisitions">Ethereum Whales Stir Market with Major Acquisitions</a><br></p>
<p style="text-align: justify"><a href="https://en.bitcoinhaber.net/ethereum-whale-investor-strategically-gathers-71-million-in-assets">Ethereum</a>‘s price surpassed the $3,100 mark and achieved a year-high of $3,184 last Sunday, eliciting enthusiasm among investors. Simultaneously, significant investors, colloquially known as ‘whales,’ seem to be anticipating a price surge, leading to more substantial acquisitions of Ethereum. Keeping a close eye on the rise, we have identified three whale wallets that are aggressively purchasing ETH.</p> 
<h2 id="ethereum-s-big-buyers">Ethereum’s Big Buyers</h2> 
<p style="text-align: justify">A notable transaction was made by an Ethereum whale who acquired 6,000 ETH from the Kraken exchange. The whale’s wallet now holds 26,380 ETH, valued at approximately $80.69 million, highlighting their confidence in Ethereum’s growth potential. Another noteworthy purchase involved a different wallet buying 3,000 ETH, also via Kraken, drawing market-wide attention to the wallet identified by the address f7936eb4f723076d.</p> 
<h2 id="market-dynamics-and-upcoming-upgrade">Market Dynamics and Upcoming Upgrade</h2> 
<p style="text-align: justify">After experiencing a 2.03% decline, the ETH price rebounded, coinciding with a significant rise in <a href="https://en.bitcoinhaber.net/bitcoins-trajectory-from-etf-launch-to-halving-event-anticipation">Bitcoin</a>‘s value. The cryptocurrency, which was anticipated to retest the $3,000 support, seems to be distancing itself from that threshold. Further bolstering ETH’s price is the anticipation of the Denchun upgrade, which is expected to maintain the cryptocurrency’s upward momentum.</p> 
<p style="text-align: justify">Grayscale has linked Ethereum’s recent price surge to the impending Denchun upgrade, set for March 13, 2024. The upgrade aims to enhance transaction efficiency and is predicted to have a positive impact on Ethereum’s network, which competes with faster blockchains such as <a href="https://en.bitcoinhaber.net/analyst-bluntz-expects-a-rise-in-solana-despite-recent-drops">Solana</a>.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/ethereum-whales-stir-market-with-major-acquisitions">Ethereum Whales Stir Market with Major Acquisitions</a></h5>

Ethereum Whales Stir Market with Major Acquisitions

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