Ethereum (ETH) whales are taking advantage of recent price dips by significantly increasing their holdings. This strategic move was highlighted by data from on-chain analysis platform Lookonchain.
As Ethereum’s price dropped to $2,400, these large investors saw an opportunity to buy more, showing confidence in the cryptocurrency’s long-term potential despite short-term fluctuations.
This trend demonstrates the ongoing interest and faith in Ethereum among major holders, which could influence future market dynamics.
