Whales Scoop Up 240,000 $ETH Worth $840M Amid Ethereum Price Dip

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In a strategic move, whales have purchased over 240,000 $ETH during the recent Ethereum price dip, totaling approximately $840 million. This significant accumulation highlights strong investor confidence in Ethereum’s long-term potential, even amidst market fluctuations.

Adding to the bullish sentiment, Ethereum saw a 3.94% intraday jump, currently trading at $3,638. The aggressive buying by large holders suggests that they anticipate a rebound in Ethereum’s price, leveraging the current lower prices to increase their holdings.