Whales Quietly Amass Ethereum Ahead of Potential Breakout

Ethereum (ET) is once again approaching the $4,500 mark, reviving speculation over whether the second-largest cryptocurrency can finally break through its all-time high near $5,000.  Analysts say the answer may rest in the hands of large holders, and whether spot demand can catch up with speculative flows in derivatives markets. Whale Accumulation Fuels Rally Blockchain analytics firm Glassnode reports that August saw divergent trends among Ethereum’s biggest investors. So-called “mega whales” or wallets holding more than 10,000 ETH, accumulated aggressively over the summer, driving net inflows of more than 2.2 million ETH over 30 days.  That buying coincided with

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