{"id":565983,"date":"2023-12-19T13:30:26","date_gmt":"2023-12-19T13:30:26","guid":{"rendered":"https:\/\/uniquehot.com\/?p=565983"},"modified":"2024-06-11T08:02:18","modified_gmt":"2024-06-11T08:02:18","slug":"ethereum-whales-scoop-up-230-million-in-eth-in-one-week-price-hike-next","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/ethereum-whales-scoop-up-230-million-in-eth-in-one-week-price-hike-next\/","title":{"rendered":"Ethereum Whales Scoop Up $230 Million In ETH In One Week – Price Hike Next?"},"content":{"rendered":"
In the past week, some of the biggest Ethereum whales, those with holdings ranging from 1 million to 10 million ETH, have accumulated an impressive 100,000 ETH, valued at a staggering $230 million.<\/p>\n
This active buying stance by influential investors highlights their unwavering belief in the long-term potential of Ethereum,<\/a> even in the face of recent price corrections.<\/p>\n Despite the recent downtrend in prices, indications from recent Ethereum whale activities suggest a persistent confidence in a bullish market continuation.<\/p>\n Subsequent to the promising start in the initial days of December 2023, various cryptocurrency assets, notably Ethereum, displayed robust performance.<\/p>\n Crypto whales have reportedly devoured hundreds of millions of dollars’ worth of Ether, the leading altcoin, during the past seven days, according to a well respected expert.<\/p>\n Some of the largest #Ethereum<\/a> whales have been on a buying spree, scooping up over 100,000 $ETH<\/a> in just the past week \u2013 that’s a whopping $230 million! pic.twitter.com\/jWHY6MXDgs<\/a><\/p>\n \u2014 Ali (@ali_charts) December 16, 2023<\/a><\/p><\/blockquote>\n On the social networking site X, cryptocurrency strategist Ali Martinez informs his 36,100 followers in a new thread that wealthy traders have amassed tens of thousands of Ethereum during the previous seven days.<\/p>\n Price rallies are usually the result of heavy purchasing demand from wealthy investors, and the recent whale accumulation indicates that this is the case.<\/p>\n On December 7, Santiment Feed connected a whale accumulation pattern\u00a0to ETH’s surge, which culminated in a 19-month high over the $2,350 price point.<\/p>\n As a rule, whale activity affects cryptocurrency asset prices. Recent activity among ETH whales indicates that a price rally may be approaching.<\/p>\n Although there is a lot of buying pressure in the market right now, caution is advised because the bottom could not have yet been achieved.<\/p>\nWealthy Traders Accumulate Millions In Ethereum<\/strong><\/h2>\n
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Ethereum currently trading at $2,235 on the daily chart: TradingView.com<\/a><\/pre>\n
RSI And Stochastic Neutral, Ethereum Uncertainty<\/strong><\/h2>\n