strong buy
Ethereum Whales Continue Bullish Accumulation with $1.45B Increase
Two large Ethereum whales continue to accumulate ETH, adding 43,591 coins worth $145 million. Based on on-chain analyst Yu Yan's monitoring, these recent purchases likely belong to companies or institutions executing ETH reserve strategies. Over the past few hours, an address 0x8eE...b7d has acquired 32,368 ETH (about $1.16 billion) through FalconX, bringing its total since July 19 to 138,345 ETH (around $503 million) at an average price of $3,644. Additionally, whales or institutions using Kraken since July 14 have continued to buy ETH, adding 8,223 coins (approximately $29.4 million), totaling 58,156 ETH (around $211 million) at an average of $3,564. These persistent accumulations suggest strong institutional interest in ETH, indicating possible bullish sentiment and confidence in its future value.
Source available for registered users Sign Up Free
AI Analysis
The continued accumulation of ETH by large whales and institutional investors highlights a significant bullish undertone in the Ethereum market. The fact that these entities are steadily increasing th...
AI Recommendation
Given the persistent accumulation by major ETH whales and institutions, a positive outlook on Ethereum appears justified. Investors might consider this as a bullish sign, implying that holding or incr...
Disclaimer
The AI analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.
You might also be interested in:
strong buy
strong buy
strong buy
strong buy