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Ethereum's ETH Surpasses $3,800 Following Significant Whale Purchase and Substantial Capital Influx
Ethereum's ether (ETH) experienced an increase of nearly 6% within a 24-hour period, surpassing the performance of the wider digital asset market.
A prominent whale is said to have acquired approximately $50 million in ETH over the weekend.
Major financial institutions are channeling investments into ETH, with analysts forecasting that prices may ascend to $15,000.
Prior to reaching the $3,800 mark, ETH fluctuated within a range of $255.34, recording a session low of $3,534.57 and a high of $3,789.92 in the last 24 hours, which reflects a volatility of 7.22%.
This persistent upward trend, characterized by successive higher lows, may suggest continued institutional capital investment, positioning ETH for a potential surge beyond existing resistance levels.