Crypto Whales Make Big Ethereum Bets, Fueling 35% Price Surge
• A crypto whale staked $45.5 million in Ethereum (ETH), showing confidence in Ethereum's long-term potential
• Another whale withdrew $9.18 million in ETH from Kraken to accumulate the token, signaling a targeted investment strategy
• Over the weekends, two new wallets withdrew a total of $18.17 million in ETH from Kraken for long-term holding
• These whale accumulations have led to a 35% ETH price increase over the past month, pushing the price to $3,100
• Market intelligence firm Decentrader suggests market bulls are aiming for a new resistance level at $3,300 for Ethereum