$ETH

Ethereum whales increasing holdings suggest potential price rebound

As Ethereum whales accumulate more, market confidence strengthens, and ETH prices may see a reversal. At the beginning of February, the number of whale wallets holding over 10,000 ETH increased by 2.3%, indicating confidence in a rebound. Over a short period, more than 121,512 ETH (worth $323 million) flowed out of exchanges, alleviating short-term selling pressure.

Data shows that from February 1 to February 9, the number of whale wallets surged, and this accumulation during price declines often signals upward momentum. In particular, two large wallets transferred significant amounts of ETH from Binance and Bitfinex to cold storage, indicating that these funds will be held long-term.

Is ETH heavily manipulated, can regular players still speculate?