Over the past weekend, major holders of Ethereum (whales) significantly increased their positions, marking a notable event in the cryptocurrency market. According to analysts, addresses holding substantial amounts $ETH actively accumulated the asset despite recent volatility. This may indicate confidence in the long-term growth of the second-largest cryptocurrency by market capitalization. The total accumulation amounted to thousands of ETH, coinciding with a period of price consolidation after a short-term decline.
Experts note that such activity often precedes significant market movements, possibly signaling future growth. At the same time, retail investors are acting cautiously, which amplifies the contrast with the actions of the whales. Some link this to expectations of updates to the Ethereum network, particularly improvements in scalability and energy efficiency.
However, the market remains unstable, and the actions of whales may either be accumulation before a rise or preparation for profit-taking. Observers advise keeping an eye on further data regarding flows on exchanges.
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