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Ethereum Whales Are Quietly Accumulating—Is A Major Price Breakout Coming?

  • Large Ethereum holders, known as whales, have been actively accumulating Ethereum over the past month.
  • Net outflows from whale wallets, indicating accumulation, were recorded on only three days in the last month.
  • Over 1.7 million ETH was accumulated during this period, with 175,000 ETH purchased in the last two days alone.
  • While Ethereum's price has shown a gradual increase, an analyst expresses concerns over its relative weakness against Bitcoin.

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