Ethereum whales increase holdings by 135 million USD: Are they accumulating ETH?

Bitmine has received 33,948 ETH recently, marking renewed accumulation of the cryptocurrency, valued at 135 million USD. This suggests institutional investors are showing interest in ETH as trade activity remains concentrated below the key 4,000 USD resistance level.

Recent data indicates an increase in whale orders, showcasing larger individuals re-entering the ETH market. With Ethereum’s price stabilizing near 3,976 USD, established holders may anticipate potential future growth in the asset’s value.

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