🔖 #Ethereum✅ fell by 10% after the Israeli-Iranian conflict shook global markets.
🔖 Whales have accumulated 1.49 million ETH and now hold nearly 27% of the supply.
🔖 Analysts predict a price of $3200 if ETH breaks out of the current trading range.
🔴Ethereum (ETH), the second-largest cryptocurrency in the world, has been going through tough times on the charts lately. On Thursday, the price of ETH fell by nearly 10%, dropping below some key levels.
🔴The entire cryptocurrency market is under pressure due to rising tensions in the Middle East, especially after the recent conflict between Israel and Iran.
🔴But while retail traders have been selling off and taking profits, something interesting has been happening on-chain. According to new data from crypto analytics firm Santiment, whales have quietly been adding more Ethereum to their wallets.
🔴Right now, 6392 wallets hold between 1000 and 100000 ETH. Just in the last month, these wallets have purchased an additional 1.49 million ETH, increasing their holdings by 3.72%.
🔴On the topic: Two key signals have emerged that could trigger significant growth in cryptocurrency.
🔴This means that these large holders now own approximately 26.98% of the total supply of Ethereum, which could be a sign that smart money is preparing for a larger move.
