Ethereum Whales
Ethereum (ETH) is currently trading at $3,159.27, testing a critical support level as institutional whales invest $1.37 billion during a 12% market correction in November. This significant accumulation comes as 21Shares introduces new cryptocurrency index exchange-traded funds (ETFs). The price of ETH is closely monitored as it approaches the lower Bollinger Band, indicating potential volatility in the market. The recent correction has prompted whales to take advantage of the lower prices, suggesting confidence in Ethereum’s long-term prospects. As the cryptocurrency market evolves, the actions of institutional investors may influence future trends and price movements for ETH and other digital assets.
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