A large purchase of ether by a cryptocurrency whale worth $1.34 billion is fueling speculation ahead of the release of key US inflation data.
Over the past eight days, the whale has purchased more than 312,000 ETH, exceeding record inflows into US ether ETFs. This is causing optimism about the potential growth of ETH to a historic high ($4,890), especially against the backdrop of expectations for CPI and PPI reports and the Fed's decision on September 17. However, analysts warn of a possible correction due to profits from short-term holders.
