Ethereum Whales Take Advantage of Recent Dip to Buy More ETH
Ethereum Ethereum Whales Take Advantage of Recent Dip to Buy More ETH 5 minuto ang nakalipas Balita ng Ethereum ng Bitcoin Ethereum whales with 1,000 to 10,000 ETH added around 400,000 ETH to their holdings. ETH lost over 21% of its value after dropping from a local high of $1,742. The price has rebounded to $1.670, only 4.27% off the highest price it has achieved this year. The recent market dip has resulted in some significant whale purchases that pushed crypto prices back toward the local highs of 2023. On-chain data showed that Ethereum whales with 1,000 to 10,000 ETH added around 400,000 ETH to their holdings during this period. The value of the recent acquisition is estimated at $600 million. Ethereum lost over 21% of its value after dropping from a local high of $1,742, which it achieved on February 16, 2023. The pullback was consistent with ETHs historical price behavior, having established a technical indicator that suggested a 20% price drop. After reaching the years peak, analysts identified a death cross technical pattern which supported the growing apprehension of a possible retracement after an impressive rally. A death cross describes the situation when the short-term 50-day moving average crosses below the long-term 200-day moving average of an