While Ethereum (ETH) was subjected to massive price volatility, the fundamentals of the world’s largest cryptocurrency continue to remain strong. As a result, Ethereum has regained its levels above $3500 with its market cap soaring past $405 billion. As CoinGape reported, ETH has formed a bullish pattern on the technical chart and is eyeing a move to $4000.
As per on-chain data provider Santiment, as the ETH price crashed under $3200, the Ethereum whales continued it holding stronger. There’s been a very drop in the Ethereum mega whale addresses holding over 10K ETH coins. On the other hand, ETH whale addresses holding 100-10K ETH were at a three-year low.
#Ethereum’s largest addresses have not budged on the recent volatility that dropped the price to as low as $3,144 today. There are just 8 less addresses with 10k+ $ETH than there were a week ago, while addresses with 100-10k $ETH are at a 3-year low. https://t.co/Tt1OfhjGb8 pic.twitter.com/c0swYSvJ0D
— Santiment (@santimentfe
Źródło: https://coingape.com/despite-eth-price-volatility-ethereum-whales-continue-holding-strongly/
