Is Ethereum Bullish or Bearish? BlockRock’s Commissioning Excited the Whales!

The cryptocurrency whale managed to attract attention with his latest purchases.

A whale came to the fore with the purchase it made recently. Reported by on-chain analysis platform Lookonchain to data According to the whale, 387.8 million dollars 183,742 ETH he bought.

It was noteworthy that the purchase of the whale came after the spot ETH exchange traded fund (ETF) application applied by BlackRock. The whale in the news has unrealized profits worth $154 million.

The whale in question has been around for a while now. $1,753 with purchase average $14.5 million snow got it. This buying appetite of whales towards Ethereum was interpreted as buying the possibility that a possible ETH ETF would be accepted.

According to CoinGecko data, ETH, which has decreased by 6% in the last 24 hours, is at the time of writing. Trading at $1,697 sees.


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