Ethereum (ETH) Price Surges Back to $3,000 Amid Whale Accumulation
Ether (ETH) has experienced a significant rebound, increasing by 16% and reclaiming the $3,000 price level. This surge is attributed to several factors, including heavy accumulation by whales, exchange supply hitting nine-year lows, and a surge in network activity. According to reports, these combined elements suggest a positive outlook for Ethereum, potentially signaling further upward movement. The cryptocurrency market is influenced by large holders and supply dynamics.
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