- Whales are accumulating millions of ETH as the price continues to trade above $1,800.
- If market participants fail to take unrealized profits, ETH may rise in the $2,000 direction.
- ETH worth $210 million left centralized exchanges, indicating a bullish sentiment.
Ethereum (ETH) has experienced a surge in whale interest lately, according to on-chain data. To start with, on-chain insight platform, Spot On Chain, revealed that a loyal ETH whale has re-accumulated the coin.
According to Spot On Chain, this time, the whale accumulated $15.9 million worth of ETH at $1.826. Moments later, the whale made a profit of $5.48 million after sending some of the coins to Binance.
Smart whale 0xb15 re-accumulated 8,698 $ETH ($15.9M) from #Binance at $1,826 ~1hr ago.– He just deposited $ETH to #Binance near the local peak and realized $5.48M in his last trade.
– Overall, he is very good at buying low and selling high $ETH, having realized a total… https://t.co/wdBFar6qVW pic.twitter.com/h2gyCFW0qn
— Spot On Chain (@spotonchain) November 3, 2023
Lookonchain, another analyst, also mentioned another whale exchange Tether [USDT] for 8,698 ETH on the Binance exchange. A fe…
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