Posted 4/11/2024, 2:00:00 PM
Whales Aggressively Accumulate Ethereum Despite Uncertainty Around SEC Approving ETF
- Crypto whales accumulating large amounts of Ethereum (ETH) despite uncertainty around ETF approvals
- Two major wallets withdrew over $200M worth of ETH from exchanges in just a few days
- Ethereum price forming a double-bottom pattern which could indicate a potential surge to $4,400
- VanEck CEO skeptical of SEC approving Ethereum ETFs, deadline is May 23
- Aggressive accumulation signals whales strongly believe in Ethereum, but ETF uncertainty could significantly impact price
