A cryptocurrency whale has purchased 5,000 ETH worth $11.46 million during the recent market dip, showing confidence in Ethereum's long-term potential despite short-term volatility. This comes after the whale previously bought 5,200 ETH in November 2022 and sold it for over $4 million in profit. This trend of smart money entering the market during downturns suggests a bullish outlook for Ethereum and could influence broader market sentiment. Analysts are closely monitoring this move to see how it will impact Ethereum's price trajectory.



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