Ethereum Whales Drive 11.4% Price Surge Amidst Market Hype

Ethereum (ETH) has surged by 11.42% in the past 24 hours, reaching $2,645.07, driven by increased whale accumulation and market hype following the SEC’s approval of a spot ETF. Whales have been making significant purchases of ETH, with large transaction volumes jumping by 65.99% in the past 24 hours, indicating a notable shift in Ethereum’s market dynamics. This surge in whale activity is contributing to Ethereum’s efforts to regain lost ground in terms of price action.

read more

Ethereum Whales Drive 11.4% Price Surge Amid Market Optimism

Ethereum’s price surged by 11.42% to $2,645.07 within 24 hours, driven by whales accumulating large amounts of ETH. The approval of a spot ETF by the SEC has sparked market hype, with retail sentiment pushing Ethereum towards the $2,700 benchmark. Large transactions involving ETH worth at least $100,000 have increased by 65.99% in the past 24 hours, indicating significant activity within the Ethereum ecosystem.

read more