cryptocurrency analysts, Ethereum (ETH) It found that a large amount of tokens were accumulated by whales. Whales have been stable for nine consecutive days for the first time since early 2023 ETH It was observed that there was a tendency to accumulate.
Whales Start Collecting Ethereum
Analysts believe that increased buying pressure could be a strong signal for a rise in ETH prices.
#Ethereum | For the first time in 9 months, whales have been on a steady $ETH accumulation spree for 9 consecutive days.
The increasing buying pressure could be a strong signal for #ETH bullish price action. pic.twitter.com/d7r0O21Ef4
— Ali (@ali_charts) November 24, 2023
As network growth accelerates, Ethereum big whale addresses control 30% more ETH than a year ago, according to on-chain data.
According to Santiment, the top 200 Ethereum wallets currently contain a total of 62.76 million ETH, worth $132.1 billion, up from 48.2 million in November 2022.
Since November 21, 2022, they have raised 30.3% additional coins and currently control 52% of Ethereum’s circulating supply.
Additionally, 94,700 new ETH wallets were created on November 21, the highest number since July 1.
ETH fell 1.22% in the last 24 hours, falling to $2,080 at the time of writing. On November 24, bulls pushed the price of Ethereum as high as $2,134 before falling. If this level is exceeded, ETH may rise towards $2,200.
*This is not investment advice.
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