Ethereum: Whales on the Move – What Does the Blockchain Say?
#ETH Ethereum continues to be in the spotlight, and recent movements by major wallets make us think about possible development scenarios. Let's figure out what signals can be extracted from on-chain analytics.
In the last 24 hours, there has been increased activity from several large wallets. One of them withdrew 4,200 ETH from the exchange, which may indicate long-term storage or preparation for staking.
Interestingly, a new “virtual whale” was noticed among the addresses, whose balance exceeded 25,000 ETH after a series of receipts from several sources. This could be preparation for large transactions or OTC operations.
Network transaction volume increased by 17%, which coincides with the increase in DEX platform activity. A surge in interest in altcoins is possible against the backdrop of ETH stability.
Average network fees increased by 12%, which may be due to mass ETH movements. If the trend continues, this may affect the profitability of DeFi protocols and NFT transactions.
What do you think? Are these movements a signal for growth or profit taking before a correction?
