$ETH

The price of Ethereum is heading towards an increase to $3250 as whales accumulate $100 million

The Ethereum price chart shows the potential to reach the $3250 level, despite the cryptocurrency's recent underperformance compared to Bitcoin and other assets. This technical situation comes at a time when on-chain data indicates that large investors are buying more.

The on-chain cryptocurrency analysis platform Lookonchain noted a significant accumulation of Ethereum coins in whale accounts despite its price decline. According to its data, a wallet known as 0xd81E withdrew 1900 Ethereum (worth approximately $3.1 million) from the Gate platform a few hours ago.

Ethereum investors continue to buy.

0xD20E withdrew 5,531 Ethereum ($9.8 million) from the #Binance platform in the last hour.

0x2088 spent $4.61 million to purchase 2,568 Ethereum at a price of $1,794 during the last forty minutes.