Ethereum

<ul><li>Whales&#39; $35.11M ETH purchases fuel bullish sentiment, driving price above the $3,400 mark.</li><li>0x5e9&#39;s savvy moves highlight confidence in ETH&#39;s potential, yielding a $7.48M profit earlier.</li><li>Despite short-term bearish indicators, the ETH market remains dynamic, with whale activity hinting at future price movements.</li></ul><a href="https://cryptotale.org/how-crypto-whales-are-influencing-the-crypto-market-dynamics/" rel="noopener noreferrer nofollow">Whales are making waves</a> in the<a href="https://cryptotale.org/ethereums-chart-pattern-signals-potential-uptrend-an-analysis/" rel="noopener noreferrer nofollow"> Ethereum</a> market as they continue to accumulate significant amounts of the popular cryptocurrency. As per Spot On Chain, an onchain analytic firm, in the last 14 hours alone, two notable whales have made substantial purchases totaling $35.11 million in stablecoins to acquire a combined 10,322 ETH. These hefty transactions have purportedly played a role in driving the price of Ethereum above the $3,400 mark, reflecting a bullish sentiment among large investors.One particularly noteworthy transaction involves eight wallets, likely controlled by a single entity, which spent a staggering $20.86 million in USDT to purchase 6,145 ETH at an average price of approximately $3,395. This buying spree has contributed to the upward momentum in <a href="https://cryptotale.org/ethereum-2024-q1-report-unveils-impressive-growth-in-ecosystem-and-financials/" rel="noopener noreferrer nofollow">Ethereum&#39;s</a> price. Additionally, another prominent whale identified as 0x5e9 invested $14.25 million in DAI to acquire 4,178 ETH at an average price of around $3,410 approximately 14 hours ago.<a href="https://cryptotale.org/whales-spark-ethereum-frenzy-as-35m-buying-spree-sends-prices-soaring/" rel="noopener noreferrer nofollow">Read full article at CryptoTale.</a>

Whales Spark Ethereum Frenzy As $35M Buying Spree Sends Prices Soaring

CryptoTale

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