Ethereum Whales Bag 100,000 ETH Amid Recent Dip, What’s Next?

[Primo1760]

Ethereum whales’ recent decision to accumulate heavily amid a recent price dip has reinforced bullish market sentiments surrounding the second-largest cryptocurrency by market cap. On Friday, crypto analyst Ali Martinez revealed that the large investors, also known as whales, bought 100,000 ETH amid the token’s recent price volatility. In the aftermath, market watchers anticipate price gains ahead despite unchanged interest rates this FOMC and looming U.S. PCE inflation data release.
https://cryptonews.net/30453787/?utm_source=CryptoNews&utm_medium=app&utm_campaign=shared

[hugeblack]

The daily trading volume is about 6,223,291 ETH and considering that the news of buying 100,000 ETH is correct, this number represents about 2% of the daily trading volume and thus, in the best case scenario, it will lead to a price increase of 10% to 20% at best.


In simpler words, this Whales Bag will not cause a long-term change in the price.

[philipma1957]

Ethereum whales’ recent decision to accumulate heavily amid a recent price dip has reinforced bullish market sentiments surrounding the second-largest cryptocurrency by market cap. On Friday, crypto analyst Ali Martinez revealed that the large investors, also known as whales, bought 100,000 ETH amid the token’s recent price volatility. In the aftermath, market watchers anticipate price gains ahead despite unchanged interest rates this FOMC and looming U.S. PCE inflation data release.
https://cryptonews.net/30453787/?utm_source=CryptoNews&utm_medium=app&utm_campaign=shared

so they purchased at over 3145 and we are at 2700 a loss of 100,000 x 445 = 44,500,000

eth is hurting bigly.

btc rallied back a lot today eth some what