Ethereum

<ul><li>Whales&#39; accumulation suggests confidence in Ethereum&#39;s potential, despite regulatory uncertainties.</li><li>Ethereum&#39;s correlation with Bitcoin remains strong, adding to market volatility ahead of the Bitcoin halving.</li><li>Restaking trend in DeFi could further drive Ethereum withdrawals from exchanges, influencing its supply dynamics.</li></ul>Stablecoin whales are making waves in the Ethereum (ETH) market, as recent data reveals unprecedented levels of accumulation as highlighted by kate_young_ju, an onchain analyst. This surge in activity, characterized by significant purchases by large holders, comes amid a backdrop of both optimism and uncertainty for the leading smart contract platform.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/fec07bf3f4174190833971681caf24f6.png" />On Thursday, Ethereum <a href="https://cryptotale.org/bullish-whale-makes-big-splash-as-15-95m-ena-withdrawal-rocks-ethena-ecosystem/" rel="noopener noreferrer nofollow">experienced</a> a resurgence in bullish momentum, briefly reaching $3,618, buoyed by a flurry of buying activity from whales. Notably, a whale<a href="https://x.com/spotonchain/status/1778267774168797266" rel="noopener noreferrer nofollow"> identified</a> as Ox347 deposited 9,000 ETH tokens onto Binance at a price of $3,560, signaling a move to capitalize on profits. Despite this substantial deposit, Ox347 still retains a considerable holding of 29,738 ETH, valued at over $106 million, with an estimated profit exceeding $68.5 million.<a href="https://cryptotale.org/defi-staking-frenzy-are-whales-setting-the-stage-for-ethereums-next-rally/" rel="noopener noreferrer nofollow">Read more on Cryptotale</a><a href="https://cryptotale.org/bullish-momentum-alert-bnb-surges-past-662-resistance-whats-next/" rel="noopener noreferrer nofollow">.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

DeFi Staking Frenzy: Are Whales Setting the Stage for Ethereum's Next Rally?

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