Can ETH Surprise with Bullish Sentiments Amidst Market Downturn?

Can ETH Surprise with Bullish Sentiments Amidst Market Downturn?

Ethereum (ETH) saw increased activity among major addresses during the drop below $1,650.
Four major whales have amassed 56,100 ETH equivalent to $94 million within the past 7 days.
In a show of resilience amidst a volatile market, Ethereum (ETH) has managed to shown slight recovery from its recent dip below the $1,603 mark. The cryptocurrency’s price now stands at $1656 with a 24 hours trading volume of $199 billion.
Amidst Ethereum’s plunge below the $1,650 mark and the accompanying high volatility in its price, the network has experienced a notable uptick in activity among significant addresses. Impressively, the number of wallets holding between 10 and 10,000 ETH has rebounded to a substantial 355K paralleled by a surge in transactions surpassing $100K+.
According to data from LookIntoChain, four prominent entities have collectively amassed a staggering 56,100 ETH, equating to a substantial $94 million, within the past week.
Ethereum (ETH) Price Reaction
Ethereum’s price demo

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