In recent days, «whales» have acquired over 240,000 ETH worth around $840 million, taking advantage of the recent drop in Ethereum's price. This data indicates a significant increase in purchase volumes from large investors.

Comparing current data with historical data, it can be noted that similar activity by «whales» was observed in April 2022. Back then, massive purchases contributed to a significant increase in the price of Ethereum in the following months. This demonstrates the potential of the current situation.

According to renowned trader Ali, purchase volumes sharply increase every time ETH prices drop. This usually indicates that large investors see potential for further growth. This strategy allows accumulating assets at a lower cost to subsequently make a profit.

This trend may indicate growing confidence in cryptocurrency among large investors, despite recent market volatility. Historical data shows that massive purchases by «whales» often predict significant changes in the market.

As of June 12, 2024, Ethereum quotes remained at $3590, up 3% amid positive economic data from the US. The market capitalization of the digital coin is $431.19 billion. The trading volume on the spot market increased to $16.14 billion over the past 24 hours.