Ethereum whales are accumulating large amounts of the currency as 330,000 Ethereum were withdrawn from exchanges within 48 hours, reflecting strong buying interest. Crypto Patel, a trader and cryptocurrency analyst, expects Ethereum to see a rise in value as he believes that buying during market downturns will lead to significant gains in the future. The price of Ethereum has shown signs of recovery, having recently risen by nearly 10%. It is important to remember that the cryptocurrency market is characterized by high volatility and that prices can change very quickly.

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