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 Ethereum whales buy big as ETH bottom approaches, analysts predict Cointelegraph 27 Aug 2024

Ethereum whales buy big as ETH bottom approaches, analysts predict 🐋

Market analysts are observing an interesting trend in the Ethereum market. While Ether ETFs are on track to experience $500 million in net outflows, there is a concurrent rise in significant purchases by Ethereum whales.

The activity indicates that these larger investors believe the bottom for ETH may be near. This behavior often precedes a potential rebound in price, as whales position themselves to benefit from future gains.

Source: cointelegraph.com ↗

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