Ethereum Crash A Buying Opportunity? This Whale Thinks So
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Ethereum experienced a significant downturn recently, breaking below the critical $3,000 support level and dropping to just above $2,900. Despite a 4.76% decline in 24 hours, on-chain data shows a whale with a 100% investment win rate is accumulating more ETH. This whale has purchased 19,436 ETH worth $68.25 million since May 29, buying strategically at low points. Despite bearish sentiment, the whale's history suggests confidence in future gains. The recent downturn has also caused $78.72 million in ETH long positions to be liquidated, but the $3,000 level remains a strong support backed by substantial buying interest from over 1.7 million addresses.
Source: www.newsbtc.com ↗
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