Ethereum (ETH) Sees Intriguing Shift Occuring, Analyst Explains What Happens


20 Nov 2023 9:29 AM

Crypto analyst points out how whales’ behavior has changed recently...

  • Ethereum (ETH) is experiencing a subtle yet intriguing shift, with large ETH holders (whales) starting to accumulate the cryptocurrency after a two-month period of slow purchase activity.
  • Whale Alert, a crypto tracker, has identified two significant ETH transactions from Bitfinex to unknown addresses, indicating purchases of ETH for long-term storage.
  • As the price of ETH has surged, some whales have decided to withdraw their profits and sell their ETH on exchanges such as Bitfinex and Coinbase.

The sentiment of the article is neutral, providing information about the recent activities of ETH whales and the price movement of Ethereum.

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You May Ask

What is the current shift happening with Ethereum?Who are the whales mentioned in the article?What transactions were spotted by Whale Alert?How has the price of Ethereum changed recently?Where did some whales decide to sell their ETH?

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