Whales accumulate $42 million in Ethereum as price tests $2,172 support

Ethereum has seen renewed whale interest, with large wallet holders acquiring millions of dollars in ETH despite the token’s ongoing struggle to regain sustained upward momentum. Data from blockchain analytics firm Lookonchain revealed notable transactions that have shifted attention back to the market’s biggest players. Lookonchain, a platform that tracks high-value on-chain movements, reported significant Ethereum purchases and withdrawals involving two separate wallets. The first wallet, identified as 0x32c6, purchased 8,773.5 ETH for $19.7 million worth of USDT, executing its buy at an average price of $2,245 per token. In a separate transaction, a new wallet with the address 0x4AB7 withdrew 9,777 ETH, valued at approximately $22.5 million, from Binance over a span of five days.

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