🚨Crypto Whale's Just Moved $43M ETH, Ethereum Price Will Reach New Heights? 📈
Along with the rest of the market, the Ethereum price has experienced a significant recovery over the last few days.
The recovery took place under the settling influence of the Donald Trump tariff news on the investors’ sentiments. However, despite that, the token remains far away from being bullish, concerning investors.
Recently, the Ethereum crypto whales’ activity has increased; one simply moved $43.2M from exchanges. Why? Let’s discuss that and its potential impact on the ETH price.
According to The Data Nerd Guy, a crypto whale (Cumberland) has moved 23,733 ETH, equivalent to $43.2M on the current Ethereum price.
Interestingly, the whale has withdrawn massive ETH holdings from the Coinbase crypto exchange, signaling their rising confidence in the asset as they aren’t selling anymore.
The ETH price chart shows a 12% recovery in the last 24 hours, currently trading at $1,823.
As a result, whale activity has increased. Lookonchain’s post also highlighted whales’ high activity on this altcoin, with one whale buying 14,994 ETH.
However, they soon sold, signaling that fear of volatility is still persistent around its price trajectory.