Ethereumwalfissen that were not raised by the correction: here is how much they bought – Bitrss – Crypto World News

Tl; Dr.

• Large investors have picked up more than $ 1.7 billion in ETH ($ 4,287.40) in recent days and now check a quarter of the circulating range of the active.
• Many analysts also do not seem to worry about the pullback, and predict that the price of the cryptocurrency can reach a new high point of more than $ 6,000 in the short term.

Increasing exposure

The price of Ethereum (ETH) wax booming Earlier this month, reaching a local peak from almost $ 4,800 on August 14. Since then, however, it went to the south and it is currently acting around $ 4,250 (per data from Coingecko).

Instead of panicking, large investors (known as whales) saw the correction as an opportunity to fill their bags at cheaper prices.

X user Ali Martinez revealed that market participants with between 10,000 and 100,000 coins bought 400,000 ETH during the last dip. The USD equivalent of the stock is north of $ 1.7 billion, while this cohort of investors now checks nearly 30 billion tokens, or about 25% of the circulating range of the active.

The significant accumulation during the pullback indicates firm conviction between whales and can be interpreted As a positive sign. After all, purchases of that type reduce the amount of ETH tokens that are available on the open market, which, in combination with a steady or increased demand, must push the price up. The actions of the whales can also encourage other market participants to follow the example.

Another factor that suggests that a revival could soon replace the fall in ETH is the exchange of the asset, which is recently confused up to a lowest point of nine years. This Means that investors have moved their participations from centralized platforms to self -assured methods, which reduces immediate sales pressure.

Many experts and analysts on X believe that the second largest cryptocurrency will remain ready in the short term to reach a new historical peak. X User CRYPTOOSOOS assertions That the “super trend (is) is stable”, predictively that the price could exceed $ 6,000 in the following weeks.

Happy told Their 2.2 million followers on the social media platform that is institutional acceptance of ETH “is a serious run,” reminds itself That Some renowned companies have recently stacked a considerable amount of the asset.

Tom Lee – Chairman of Bitmine Immersion Technologies, who owns billions of dollars in Ether – called The recent price retreat ‘a small correction’. He expects the appreciation to fall less than $ 4,100 this week, but Bullish will remain in the long term. Less than a month ago, he predict That ETH can shoot to the ridiculous (at least from now on) $ 60,000 per coin.

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