The world’s second-largest cryptocurrency Ethereum (ETH) has given a strong run-up above $2,900 gaining 4% in the last 24 hours. Since the beginning of 2024, the Ethereum price is up by 24% so far, as the altcoin gears up for a further rally to $4,000.
Ethereum Whale Accumulation
The major reason behind today’s Ethereum price rally is the strong whale accumulation. According to Lookonchain, an Ethereum whale initiated a series of transactions, beginning with the withdrawal of 100 million USDT from the popular exchange Binance. Subsequently, the investor allocated 60 million USDT to purchase 21,353 ETH at an average price of $2,810 per token. Following this purchase, an additional 10,649 ETH, equivalent to $30.68 million, was withdrawn from Binance.
Courtesy: Lookonchain
This recent transaction marks a continuation of the whale’s buying spree in the Ethereum market since February 8th. Over this period, the investor has amassed a total of 52,759 ETH, amounting to approximately $145
We współpracy z: https://coingape.com/ethereum-eth-price-rally-to-4000-imminent-amid-massive-whale-accumulation/
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