📍Ethereum whales are buying heavily at $ETH – a sign that "smart money" is coming back?
📌 In the past 24 hours, 2 large whale wallets have accumulated a total of 24.5K ETH (~$73 million) as ETH adjusted to around $2,900.
Both wallets had previously sold ETH right before the price drop in July, and this time they chose the right moment to buy while the market is skeptical.
📌 Notably, one of the two wallets had sold all of its held ETH on July 25 and waited exactly 7 adjustment sessions before starting to buy back, indicating that this is not a FOMO capital flow – but a strategy to catch the bottom according to the cycle.
📌 This signal reinforces the view that the $2,800–$2,900 range is a potential buying zone for long-term holders, despite short-term volatility from BTC and Fed policies.