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Ethereum Whale Buys $39M in ETH Despite Significant Price Drop
- A major Ethereum whale purchased 132,536 ETH (worth nearly $39 million) on June 22 despite the poor performance of ETH.
- Ethereum is currently trading below the key support level at $2,248, with concerns about potential further losses if it doesn't recover quickly.
- The unexpected buy by the Ethereum whale is valued at approximately $39 million, showcasing strong investor confidence in the token's long-term value.
- This significant purchase amid declining prices has sparked discussions in the crypto space regarding a potential market rebound.
- The wallet address 0x7355...213 accumulated a total of 132,536 ETH, bringing its Ethereum holdings to around $330 million.
- Despite Ethereum's poor performance, investors' faith in its future is highlighted by this whale's purchase.
- Ethereum's current price stands at $2,248, with a 0.4% decline in the last 24 hours affecting its trading volumes across different time frames.
- Ethereum's inability to maintain its value above $2,500 has shifted market sentiment, leading to concern about further price declines.
- Experts caution that unless Ethereum experiences a swift recovery, its value could continue to drop in the near future.
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