Ethereum Whales Waking up, Transactions Hit Highest Level Since August

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Ethereum Whales Waking up, Transactions Hit Highest Level Since August
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Ethereum whale transaction count tops 10,000 in single day

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For Ethereum, a large sell-off from these whales can cause the price to drop. On the contrary, consistent ETH accumulation may lead to bullish price outcomes. Meanwhile, Ethereum has recently drawn favorable sentiment, following Bitcoin’s all-time high. earlier this week after seeing five consecutive days of gains. Ethereum's return above $3,000 marks the first since July of this year, when its price plummeted after reaching a high of $3,563. As of this writing, ETH trades at $3,211, up 1.

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