A Major Breakout Awaits Altcoins!
Whales Keep Buying Ethereum
Whales and financial institutions continue to accumulate Ethereum #$ETH in significant amounts, reinforcing speculation that a major breakout for ETH and other altcoins is on the horizon.
Amid the surge in Ethereum prices, which has just crossed $3,100, the crypto market is increasingly feeling a new wave that will drive ETH and altcoin prices to higher levels.
Large whales continue to increase their positions in Ethereum. BlackRock, FalconX, and Kraken, which are major players in the market, have been noted buying large amounts of ETH.
For example, FalconX recently purchased over 27 thousand ETH worth $85 million, while Kraken added over 8 thousand ETH worth $25 million.
With this large accumulation, many analysts believe that the price of ETH will soon experience a significant spike, approaching the highly anticipated breakout by the market.
