Crypto Whales Scoop Up 280,000 ETH in a Rapid Buying Spree

A well-known crypto analyst has highlighted a surge in Ethereum (ETH) accumulation by large-scale investors, revealing a significant influx of activity in the market.

Over just four days, crypto whales have reportedly purchased over 280,000 ETH, worth approximately $1 billion. Ethereum is currently trading at $3,725, reflecting a modest 1.5% increase over the past 24 hours.

Institutional interest in Ethereum also appears to be growing. The London-based Farside Investors noted that Ethereum-focused exchange-traded funds (ETFs) have seen increasing inflows, with a total net inflow of $576 million as of November 29, 2024.

Turning attention to Bitcoin, the same analyst suggested that historical patterns point to a potential year-end price exceeding $100,000.

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Past data shows that Bitcoin has consistently rallied in December following U.S. presidential elections, with gains of 30% and 46% in the last two cycles. If the trend holds, BTC could reach between $125,000 and $140,000.

Alexander Stefanov

With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.