Ethereum's price has increased by 2% in the past 24 hours, potentially indicating a reversal in its price trend. This is attributed to large-scale investors, or whales, accumulating substantial amounts of ETH. Data shows an increase in Ethereum wallets holding at least 10,000 ETH, which historically precedes upward price momentum. Additionally, significant Ethereum outflows from major exchanges suggest long-term holding intentions rather than immediate selling plans. Technical indicators also support the likelihood of a bullish divergence and potential price recovery. Market participants will closely monitor Ethereum developments to gauge its future price growth.



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