Global #Ethereum whales

Major Ethereum whales, including the treasury company Bitmine, have been on a massive buying spree, fueling speculation about a significant price rally in the fourth quarter.

Ethereum (ETH) has been on an impressive rally, gaining over 20% in the past week. This surge has been driven by several factors, including significant outflows of ETH from exchanges, increased whale accumulation, and growing bullish sentiment across the market.

In a surprising turn of events, two significant Ethereum whales have executed substantial sell-offs, even as the price of Ethereum (ETH) rises. Over the last 12 hours, these major players moved a total of 8,510 ETH, valued at approximately $21.9 million, to centralized exchanges, prompting speculation about their motivations amid a bullish trend.

According to a recent analysis by the crypto research firm Santiment, the recent surge in activity by Ethereum whales could be a sign that a bull run is on the horizon for the cryptocurrency market.

A recent uptick in the number of Ethereum addresses holding 10,000 ETH or more indicates a significant shift from asset distribution to accumulation. This trend reflects growing confidence among large investors in Ethereum's long-term viability.

Ethereum (ETH), the second-largest cryptocurrency, is struggling to recover from a significant drop, leaving investors anxious.