Ethereum (ETH), currently the second-largest cryptocurrency by market cap, is attracting attention as a viable buying opportunity. Significant interest is noted from whales and institutions as they continue to accumulate ETH.
On November 1, 2024, the transaction tracker Lookonchain reported a major purchase by a successful trader who acquired 7,483 ETH, valued at $18.8 million. This move indicates bullish sentiment and suggests a potential 12% rally.
The substantial purchase highlights growing confidence in Ethereum's value, driven by strategic investments and positive market dynamics.
