Ethereum (ETH), the world’s second-largest cryptocurrency by market capitalization, is experiencing a surge in optimism in the cryptocurrency market. The emergence of two new whales, according to crypto tracking platform Spot On Chain, further adds to the bullish sentiment surrounding Ethereum. Related Reading: PEPE In Peril? Dwindling Exchange Supply Raises Price Jitters These whales have collectively withdrawn a substantial amount of ETH, totaling nearly 11,700 coins, worth approximately $40 million, from leading cryptocurrency exchange Binance. Their significant purchase, made when ETH was priced around $3,450, indicates their confidence in the potential for further price appreciation. The $ETH price sharply rebounded by ~4% in the past 2 hours, now beyond $3,500! During this period, our system detected two more whales, 0x666 and 0x435, that withdrew a total of 11,657 $ETH ($40.28M) from #Binance at ~$3,455! Follow @spotonchain and set alerts for $ETH now so… https://t.co/Tz4or4Pzc0 pic.twitter.com/ZoVXTtDWZq — Spot On Chain (@spotonchain) April 8, 2024 Ethereum Trading Volume Soars The cryptocurrency market is experiencing a surge in optimism, fueled by a strong performance from Ethereum (ETH) and the looming Bitcoi ..
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