Overview

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According to data shared by the @lookonchain analytics account, two wallets purchased massive amounts of Ethereum on centralized exchanges a few hours ago Whales, or large Ether-holding entities, continue accumulating as Ether remains stuck under a key psychological resistance line. A whale has acquired 5,000 Ether Ethereum’s large investors holding at least 100 ETH and up to 1 million ETH increased their overall bags by 2.1% in November. Amid price fluctuations, sharks and whales According to data from on-chain analytics firm Santiment, Ethereum shark and whale addresses – those holding between 100 and 1 million $ETH – now own two-thirds of the An unknown cryptocurrency whale has amassed over 64,000 Ethereum in just 11 days, according to on-chain data. Blockchain-tracking service Lookonchain notes that The cumulative holdings for sharks and whales increased by more than 2.1% in the 30 days to . Analytics firm Santiment indeed highlighted that the Irrespective of the price monotony, market participants have been adding Ethereum to their bags. The cumulative Key data shared by top crypto analyst Ali Martinez reveals that whales have accumulated over 600,000 Ethereum in the past week, even as retail investors remain cautious. This divergence

Ethereum Whales & Sharks Buy Massive Amounts: 561,000 ETH in Under 2 Days!

Are Ethereum whales and sharks signaling a bullish future? Recent on-chain data reveals a significant accumulation of ETH tokens by large holders. In less than two days, Ethereum whales and sharks have reportedly acquired a staggering 561,000 ETH, raising eyebrows and sparking speculation across the crypto community.

What's Driving This Accumulation?

According to data shared by the @lookonchain analytics account, two wallets purchased massive amounts of Ethereum on centralized exchanges a few hours ago. This aggressive buying spree suggests that whales, or large Ether-holding entities, continue accumulating as Ether remains stuck under a key psychological resistance line. An unknown cryptocurrency whale has amassed over 64,000 Ethereum in just 11 days, according to on-chain data. Blockchain-tracking service Lookonchain notes that the movement of such large volumes often precedes significant price shifts.

Who Are These Ethereum Whales and Sharks?

Ethereum’s large investors holding at least 100 ETH and up to 1 million ETH increased their overall bags. Amid price fluctuations, sharks and whales, specifically those holding between 100 and 1 million $ETH – now own two-thirds of the entire Ethereum supply, according to data from on-chain analytics firm Santiment.

Key Data & Insights:

  • Massive Accumulation: 561,000 ETH bought in under 2 days.
  • Whale Activity: A whale has acquired 5,000 Ether.
  • Shark Expansion: Sharks (100-1,000,000 ETH) are increasing their holdings.
  • Holdings Increase: The cumulative holdings for sharks and whales increased. Analytics firm Santiment indeed highlighted that the Irrespective of the price monotony, market participants have been adding Ethereum to their bags. The cumulative
  • Analyst Insights: Key data shared by top crypto analyst Ali Martinez reveals that whales have accumulated over 600,000 Ethereum in the past week, even as retail investors remain cautious. This divergence suggests smart money anticipates future price appreciation.

The increase of 2.1% in November for addresses with 100-1,000,000 ETH further reinforces this bullish trend. This significant accumulation, despite price consolidation, underscores strong confidence in Ethereum's long-term potential.

What Does This Mean for Ethereum's Future?

While past performance is not indicative of future results, the aggressive accumulation of Ethereum by whales and sharks is a noteworthy event. It could signal a potential breakout above the current resistance and a move towards higher price levels. Investors and traders should closely monitor Ethereum's price action and on-chain data to gain a better understanding of where the market is headed. Keep an eye on wallets tracked by services like Lookonchain for further insights into whale behavior.

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