Ethereum whales are purchasing significant amounts of ETH during the recent dip, totaling 241.84 million USD. A notable uptick in activity suggests larger investors are entering despite the bearish trend and low price action.
Despite heightened demand from whales, Ethereum’s supply on exchanges is tight, hitting a 55-month low. However, bearish momentum remains strong, and ETH may decline further to 2,535 USD unless demand shifts.
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