Ethereum Whales Buy $29M in ETH as ETH Price Eyes Potential Recovery

Ethereum (ETH) is attracting renewed whale activity as large holders move millions of dollars worth of tokens from crypto platforms into private wallets. According to Lookonchain, two wallets collectively received 13,002 ETH, worth approximately $29.09 million, from FalconX and OKX. Meanwhile, crypto analyst Alex Marzell believes the ETH price is entering a new growth phase, identifying the recent price pullback as a potential retest before another upward move. Ethereum has recorded significant whale transactions, drawing attention to large-holder activity. Blockchain tracking platform Lookonchain reported two notable transfers involving separate wallets. The first transaction involved the whale wallet 0x72e0, which received 9,625 ETH worth approximately $21.57 million from FalconX. Another transaction involved the newly created wallet 0x2908, which withdrew 3,377 ETH valued at approximately $7.52 million from OKX.

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