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Ethereum Bullish Signal: Whales Scoop Up 200,000 ETH

  • Ethereum whales have recently increased their holdings, a bullish indicator for ETH price.
  • The whales have added 200,000 ETH (worth around $524 million) to their holdings, signaling confidence in the current price.
  • There is a strong accumulation zone for Ethereum around $2,500 according to on-chain analytics firm Glassnode.
  • At the time of writing, Ethereum is trading around $2,600, reflecting a 3% increase in the last 24 hours.

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