Ethereum's price has reached a three-month high of $2,800, resulting in increased interest from large holders. The cryptocurrency gained 8% in the past 24 hours, with its market cap surpassing $336 billion and daily trading volume reaching $38 billion. However, there has been a decline in whale activity and net inflows, possibly due to uncertainty caused by the U.S. presidential election news. 53% of the ETH supply is held by whales, and if they start depositing into exchanges, it could trigger fear and uncertainty among retail investors. Currently, 71% of ETH holders are in profit, and a mild profit-taking scenario is considered normal.
- Content Editor ( crypto.news )
- 2024-11-07
Ethereum price, whale activity reach 3-month high amid bull run