Large-scale crypto investors, commonly referred to as whales, are making bold moves regarding Ethereum. In just three days, they acquired 340,000 ETH worth over $1 billion. This occurred during a market downturn, sparking speculation about a potential recovery. The key question now is whether Ethereum can rise again.
Even amidst a broader market decline, whale activity showcases confidence. If major investors continue to accumulate assets, we may soon see a surge in demand for Ethereum. As more buyers enter the market, the price could increase significantly.
By purchasing large volumes during a market drop, whales position themselves for future profits. This strategy aligns with past market recoveries. Historically, significant purchases often precede price spikes. These whales view ETH as an opportunity and believe that prices will rise once the market stabilizes.