Ether Whales Load Up Over $1 Billion Worth Of ETH As Price Rebounds, But There's A Catch

Ethereum's whale addresses are increasing their accumulation of the second-largest cryptocurrency, according to Santiment. The analytics firm reported that wallets holding between $10.9 million to $1.09 billion worth of ETH scooped 947,940 ether (worth $1.1 billion) on November 21.

Timeline of Ethereum

Ethereum whales are accumulating ETH in significant amounts Validators show interest in Ethereum, despite declining revenue With all the attention in the crypto-space being directed towards the FTX saga, whales and sharks have been accumulating ETH under the radar.

Vitalik Buterin Ethereum Transfer News: A transaction showing transfer of 40,000 Ethereum (ETH) was seen on chain on Thursday. The post Vitalik Buterin Behind 40,000 Ethereum (ETH) Transfer?

As the cryptocurrency market continues to switch between green and red after a difficult few weeks, Ethereum (ETH) is making small daily gains, leading crypto experts to identify crucial levels for these modest increases to continue.

Ethereum core developer Artem Vorotnikov says development work on the Akula client will stop in the wake of a Paradigm-funded competitor. The post Ethereum node project Akula shuts down in wake of Paradigm competitor appeared first on The Block.

Second-largest cryptocurrency Ethereum (ETH) has plagued over 65% since the beginning of 2022. Investors' sentiments on the price are mostly bearish, likewise the outlook for the entire market, considering the liquidity crunch plaguing the industry.

Ethereum's price is about to complete a ‘V-shape' recovery that began after rebounding from the bottom around $1079. Meanwhile, the bears are also very active, attempting to drive down prices. However, the bulls and whales appear to be well positioned, with plans to propel the prices higher very soon.

The Ethereum price mid-week bear rally pushed to highs around $1,215. A bullish relief move was overdue this week following the FTX collapse. Bitcoin gained more ground and reclaimed support at $16,000 before inching closer to $17,000.

Whales became active after crypto prices fell to the lowest levels, starting to buy the dip. As a result, the crypto market recovered with Bitcoin and Ethereum prices skyrocketing over 8% and 10%, respectively.

A look at what ETH whales are up to this week as sell pressure tapers off Can ETH bulls secure enough momentum for a bigger uptick? Ethereum (ETH) would have been a healthy option for short traders this month considering its downside so far.

The largest whales on the Ethereum ($ETH) network have added over $1 billion worth of the second-largest cryptocurrency by market capitalization in a single day as they continue “rapidly” accumulating the cryptocurrency after its price dropped significantly.