$440M Ethereum Splurge Stokes Anticipation of an Imminent Rally

Ethereum whales have made a massive splurge. The move comes as analysts anticipate a shift in ether ETF dynamics. The whale splurge has stoked anticipation of an imminent price bounce. The crypto market appears to be cooling off after a brief rally at the beginning of July 2024, with most major crypto assets, including ETH, shedding about half of the gains made in the rally. The price of ETH, for one, has failed to react even after the SEC's recent approval of spot ether ETFs. Amid the market doldrums, however, a class of investors notorious for preempting and sometimes

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