CandleFocus Ethereum (ETH) Skyrockets 230% in Massive Whale Activity
2024-10-01
Author: Content Editor
Ethereum has experienced a significant increase in large transaction volume, indicating whale activity. In the last 24 hours, the volume of transactions above $100,000 increased by 230.12% to $5.69 billion. This surge in large transactions suggests that whales may be buying or selling Ethereum. The overall crypto market has been positive, with digital asset investment products seeing $1.2 billion in inflows for three consecutive weeks. Ethereum also broke its negative streak with $87 million in inflows. Despite these positive developments, Ethereum's price has decreased by 0.77% to $2,613. Additionally, Robinhood, a retail investing platform, has announced that it will allow European users to transfer cryptocurrencies in and out of its app. This expansion aims to improve Robinhood's product offerings in the region, and users in the European Union will have access to over 20 digital currencies, including Ethereum and Bitcoin.
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